#Spin-Off

A spin-off is a corporate ritual where a company rebrands its unwanted division as 'growth' and flings it into the market arena. The parent firm solicits applause from shareholders and the media while discreetly shedding risk like old skin. The newly formed entity is praised for its autonomy and independence, yet in reality it is a small creature tethered to the parent's capital and brand, forced into a perpetual fundraising race. Executives' greatest talent lies in sketching a dazzling future vision while cunningly making past liabilities vanish from sight.