one example, tyco, a huge conglomerate, two hundred 40 thousand employees and 900 acquisitions, often seen as the next ge, has gone through two breakups and five separate spinoffs. the value of the separate companies was about five times over the value of the original company. there is value to be unlocked. that's why i think it is one of the great trends of our era, do you conglomerate to station, to make a fancy word out of it. it is unequivocal and here to stay. caroline: michael useem, great advisor at the wharton school. maybe this is the globe or environment. what are the newer forms of conglomerate like amazon, saying about this? we will talk with catherine harrigan from columbia business school next. this is bloomberg. ♪ romaine: we are focused on the future of conglomerates today. you go back to the 19 60's and 19 70's when they were all the rage. we are starting to see and unraveling. ge one of the latest to announce a streamlined and operations. johnson & johnson and toshiba as well. we are looking at the percentage over the last two decades. maybe they have not gone away,

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