Yes - its an allocation of consumer surplus (to think about it in the TL:DR) - and what you've described is a pretty standard argument in a leveraged buyout (ev

Yes - its an allocation of consumer surplus (to think about it in the TL:DR) - and what you've described is a pretty standard argument in a leveraged buyout (every conglomerate out there has a PE guy just waiting to take it apart). I endorse the story of Barbarians; however, read the book - its better and more detailed. ;) (forgive me my hipster cliche).