The text notes that the financial industry represents the key exception to the general waning of conglomerates in the American economy. Several academics, and some politicians and regulators, have argued that large American financial institutions should be broken up - not unlike how AT&T, once the phone company, was broken up into smaller telecomunications companies. They argue this would reduce the risk of another Lehmanstyle financial crisis. What would be the advantages and drawbacks of such an appraoach? Do you agree with it? Why or why not? Does the reading on conglomoreates influence your thinking on this debate?

Corporate Cash Retention (pg.33)Corporate Cash Retention (pg.33) - Alternative Formats -Zohar Goshen, Shareholder Dividend Options (pg.34)Zohar Goshen, Shareholder Dividend Options (pg.34) - Alternative Formats - In re Lehman Brothers Holdings Inc., et al., Debtors. In re Lehman Commercial Paper, Inc., Debtors. LH 1440 L.L.C., Plaintiff, v. Lehman Commercial Paper, Inc., Lehman Brothers Holdings, Inc., And State Street Bank and Trust Company, Defendants (pg.35) In re Lehman Brothers Holdings Inc., et al., Debtors. In re Lehman Commercial Paper, Inc., Debtors. LH 1440 L.L.C., Plaintiff, v. Lehman Commercial Paper, Inc., Lehman Brothers Holdings, Inc., And State Street Bank and Trust Company, Defendants (pg.35) - Alternative Formats 4. Conglomerates (pg.38) Conglomerates (pg.38) - Alternative Formats