Analysts have said that losing the unprofitable unit would not greatly affect Johnson & Johnson, which posted revenue of $18.8 billion in 1995.
CBS made a brief move into film production in 1967, creating Cinema Center Films and closed in 1972 as a unprofitable unit.
He is credited with expanding the company's medical equipment and semiconductor divisions while shedding unprofitable units.
Rocca embarked on a five-year investment program for Siderar, modernizing operations and shedding unprofitable units.
In 1995, Del Taco (hurt by the closing of numerous unprofitable units) had only 300 stores, instead of growing to 500 stores.
Boeing said in 1989 that it would sell the unprofitable de Havilland unit.
In 1978, he sold the business, but kept an unprofitable unit, CoffeeMat.
The company said yesterday it would sell four unprofitable units, including its structural steel mill.
We are reassessing all our divisions to weed out the unprofitable units," he said, "but all major retail chains do that.
Sierra Health Services Inc., which operates health-maintenance organizations, jumped 105 percent as its earnings rose sharply after it shed an unprofitable unit.
