Good morning,
De-conglomeration is a trend of our times. The breakup of GE and spinoffs at IBM and J&J illustrate this new approach. But the new CEO of Honeywell, a veteran of 35 years at the company, is planning to buck the trend. "There’s a strong belief or perception that large companies can’t grow. They can’t innovate," Vimal Kapur told me yesterday. "I want to prove that perception wrong." That’s why this week, just four months after taking the top job, he announced a reorganization of the company around what he called three "megatrends."
1) Automation: Accelerating technological change, labor shortages, and IOT, are all fueling more automation in buildings and factories, and Honeywell provides important equipment for automation processes.
