WhatthContribution ofBigness Foundedinthe P890s, the Miller Tool Company had been growing unspectaculariinetyear heaneypresidenobvearound 1980uringDepression ompahad mobeeforcedto receivership. But during and since World War II, it had become a leader in the design and manufacturing of metalworking madinay. "The new presidentcFettridgeveybeltstrongthatheprosperotithe compawouldcontinunlestdidwohingBirsbrandut fromtraditionadchanioakchitwo listohmevelectrotools thaMcFettridgevolvinghdielofautomationweyer the ompahadoexpertinchdielofelectronitalSecond McFettrialguethecompanydocountonlandteexclusive dependeorfaceavindustrieshavingakmindustribat werless/ulneratdeconomicctuations Theompahadsometimeingel 92Obtainellsting on the New York Stock Exchange. Hance, MFattridge could offetothe wneosmadompaminsxchangfcheiunlisted shares against Miller Tool's listed shares, with their tax acdvantages and greater liquidity. Armed with this, the considerable cash in the company's treasury, and its reputation, MFettridge stepped out to systematiaddwine vousinesses FirsMcFettringquiredelectronompandsmall andall highly specialized To diversify" the company's economic CasNumber221 riskhetheaddedxcompaniesarionervibeisinesses among thema trucking company, a building-maintenance business, aconstructionpa(specializinghoohighwaymother publicorasmadhaiofdrycleaningreandcon He alsooughevesmabusinesteacouldobeeasilylassifjed businesteaappeartethintobesoungrowthvestments and vailablereasonapficd heargeofthemwasbaking compawythgoopositionthoutheashidlcFettridge considenendowthgion McFettridigedudderihl 989ttheimevhethecompany