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Keeping Pets.com in enterprise for so long as attainable was in Merrill Lynch’s greatest interest, because the financial institution was accumulating hundreds of thousands in investment banking fees, regardless of the firm’s condition. This is an example of where the investment bank and equity sides of a financial institution can play favorites and protect one another. Granted, the thought of a Chinese Wall, which is supposed to limit this sort of collusion, has grown because the dot-com bubble.
Some of the modifications in pet possession are due to know-how and the arrival of on-line buying. As millennial and Generation Z shoppers have come into adulthood, they’ve embraced …