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In some ways these groups look like throwbacks to old-fashioned Western conglomerates such as ITT.
The two killers the wind-turbine makers should fear are not the Chinese but GE and Siemens, two huge Western conglomerates.
Western conglomerates have sensed there's a killing to be made in Russia's booming consumer market, and it's a safer bet than dealing with the political risks in raw materials.
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Despite this, their divisions have more independence than the typical Western conglomerate's do: they often have separate boards and stockmarket listings.
This was in 1969, a time of great uncertainty at Stax, as it was about to be acquired by the Gulf and Western conglomerate.
Will that happen in India?Like all Indian groups, Tata says it does not run the empire by monitoring its totted-up share of all of the profits or losses of every subsidiary, as a Western conglomerate might.
The market for Arabic-language television news, dominated for years by two satellite channels with close links to Arab rulers, is poised for a shot of new competition with the pending introduction of two 24-hour news channels backed by Western media conglomerates.
RUNNING GAGS The venture is meant to save Big Picture Studios, which is in danger of being taken over by the rabid-dog chief executive (he literally foams at the mouth) of Engulf and Devour, modeled on Gulf and Western, the conglomerate that acquired Paramount Pictures in 1966.
It attracts you with a cool concept, in this case taking the role of a secret agent for an off-the-books United States paramilitary agency amid an international crisis involving Middle Eastern terrorists, Chinese Triads, Russian mobsters and a corrupt Western arms conglomerate.
They see the "kill, cure or sell" philosophy of famous Western managers of conglomerates, such as Jack Welch of GE, as comically macho and short-sighted.
In Western Australia some sedimentary conglomerates, dated to 3.3 billion years ago, contain relict detrital zircon grains that have isotopic ages between 4.2 and 4.4 billion years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com