4 ms·
Like other legacy companies with technology business at that time, the main motivation was probably making some quick cash by selling those business in order to
by elzbardico 3y ago
Like other legacy companies with technology business at that time, the main motivation was probably making some quick cash by selling those business in order to finance stock buybacks and propel C-suite bonuses.
- kevin_thibedeau 3y agoThe Imation spinoff was good timing and worthwhile. The writing was on the wall. I wouldn't compare it to the rest of the 90s divestitures which abound with examples of management knee-capping their core business for the sake of following the latest fad.
- johngladtj 3y agoAnd that's perfectly fine to do.
- paulddraper 3y agoThough based on Imation's (not) success, it was apparently a good idea.