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...It was also a way to avoid overhiring, or straying too far from KKR’s strengths as its market value has reached $90bn and where other financial firms have struggled, they said....
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
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...Ralf Thomas said in an interview with the Financial Times. “This is about decades.”...
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...“Now it is a much more severe issue.”...
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