Long term growth and brand value were more important for the business. Each Virgin company was financed on a standalone basis and Richard Branson argued that consolidation of income and assets was unrelated. Avoiding short term taxable profits and seeking long term capital growth were two theories strongly believed by Branson...
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Avoiding short term taxable profits and seeking long term capital growth were two theories strongly believed by Branson. Virgin’s Organizational structure was also one of its kinds. It was structured as if it was a mix of 150 different companies. Branson did not believe in big ‘fiefdoms’. His theory that there was no practical logic behind this made him to create a Virgin ‘umbrella’ under which he operated small diversified companies...
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