S. S. Kresge store company. By 1924, Kresge was worth approximately $375,000,000 ($ in 2009 dollars) and owned real estate of the approximate value of $100,000,000. He was married and divorced at least twice by 1928. Kresge and his family were members of Detroit's North Methodist Episcopal Church. He held membership in organizations including four Masonic lodges and the Ancient Arabic Order of the Nobles of the Mystic Shrine, the Young Men's Christian Association, the Detroit Athletic, Boat, and Golf Clubs, Rotary, and various commercial and automobiling societies. Kresge died on October 18, 1966, at the age of 99. The first Kmart opened
Conglomerate discount parts and may also help each business pursue independent strategies. Therefore, identifying and removing a conglomerate discount may be a profitable investment strategy. Recent examples of deconglomeration in the US include ITT, Motorola, Fortune Brands, Marathon Oil, Genworth, and Sara Lee Corporation. The results have generally been quite positive. For example, ITT’s shares went up by some 11% on the breakup announcement, creating roughly $1B in value. Conglomerate discount Conglomerate discount is an economic concept describing a situation when the stock market values a diversified group of businesses and assets at less than the sum of its parts. The explanation