Vimal Kapur, the boss of Honeywell, should have seen it coming. Industrial conglomerates like his have long been out of fashion. Between the beginning of June last year, when Mr Kapur took over at Honeywell, and November 11th the firm’s shares had risen by just 16%, compared with 46% for industrial companies in America’s S&P...
Is America’s last big industrial conglomerate about to break up?
