Wouldn't this help in fixing the problem? Sure, the people who are pro merger & acquisition wouldn't be happy. It's the idea that growth is always good and the market rewards that caused that. The CEOs and board would lose out by being broken up into smaller companies, but there would be more of them (and those are good paying jobs
)
But it worked wonders for AT&T a few decades ago. I'm not sure if the roll out of cell phones would have been as fast had AT&T been the only company. Why would they want to update the landline market that is making them lots of money. Also, there wouldn't be nationwide long distance, higher monthly rates, and a bunch of other consumer benefits since more companies are competing for my business.
Would the banking industry be helped by this? Would these banks have done the things they did had they been smaller regional banks? Then again WaMu was a regional bank, but it was the biggest player in the region.
And would GM be better off breaking up into their own product lines? Not necessarily competing against each other and using combined resources when it makes sense, but allowing each car maker (Pontiac, Chevy, Buick, Saturn, GMC) go off and produce their own cars (but still using similar parts to be cost efficient). I don't know.