2min chapter

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#45 Built From Scratch: How A Couple of Regular Guys Grew The Home Depot from Nothing to $30 Billion

Founders

CHAPTER

What Happened to Handy Dan?

In the 1970s, holding companies like Daylin sold 19% of their wholly owned subsidies. The holding companies kept 81% on the belief that the public would unlock value in the asset. In many cases, instead of asset values rising, the exact opposite occurred. This had unintended negative externalities that lead to a big payday for Ken and a really bad day for Bernie.

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