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In 1986 The O.M. Scott & Sons Company, the largest producer of lawn care products in the U.S., was sold by the ITT Corporation in a divisional leveraged buyout. The company was founded in Marysville, Ohio in 1870 by Orlando McLean Scott to sell farm crop seed. In 1900, the company began to sell...
Most large firms are not large, single station facilities… Large size is the result of joining a series of stations within a single administrative entity…The interfaces between stations could instead be mediated by market exchanges. —Oliver Williamson—
The truth is that junk bonds were misnamed, and therefore misunderstood. The Economist, February 9, 1991
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