Spin offs of parts of large, wellknown companies have become the rage lately. A few weeks ago, the venerable old firm, GE, announced it would divide into three separate units. This followed an announcement by the giant Japanese firm Toshiba that it will split into two separate companies. The most recent announcement came from Johnson and Johnson (J & J) — an American multinational corporation founded in 1886 and headquartered in New Brunswick, New Jersey — which plans to split into two units. J &J, the world’s largest health care company based on sales, develops pharmaceuticals, medical devices, and consumer...

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