Crain's Chicago Business
Sara Lee Breakup Not So Hard To Do

James B. Arndorforfer

J. Randall Woolridge, a professor of finance at Pennsylvania State University, says companies do better once they're sprung from conglomerates. In their first three years, spinoffs outperform the stocks of their peers, are more likely to be bought and post faster sales growth.

''Who can do it better: the people at the top, or the people in the division?'' he says.

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Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the eBusiness Research Center, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.

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