spinout
A corporate ritual that claims to support independence of an inconvenient division while in fact offloading risk elsewhere. Celebrated in markets as a burst of innovation, it is a smokescreen for hiding a parent company’s debt. Its true aim is to sidestep potential failure by cutting loose problematic units. Behind the glamorous escape act lie abandoned employees and startups hurled into a deep abyss. And that tale is retold as a myth of triumph, heavy with irony.