Goldman Sacks - What's Next?

Hans allison: From a macro economic point of view, it's unlikely that the growth environment gets much better in the near future. It seems like the profit margin headwinds we're talking about earlier are here to stay, at least for a little while. I think these transactions, separation, spin offs, demerges, will continue across geographies. And ultimately it comes down to, can i re rate a parent company and a spin off company in excess of where i trade to day, thereby creating er value? Hilight id: The management focus that can come through a separation and renewed or different capital allocation priorities will continue to fuel this type of activity.