Deficiencies: Time to ‘spin off’ the U.S. Navy

The USS Boxer, the USNS Tippecanoe and the USS John P. Murtha transit the Strait of Hormuz, Aug. 12, 2019. (U.S. Navy photo by Petty Officer 2nd Class David L Ortiz)

In 2014 Fiat-Chrysler America made the decision to divest its high-end luxury car brand Ferrari so that it could maximize its value as an independent business. By all accounts the “spin off,” which was effectuated in 2016, has been a resounding success for both FCA and Ferrari. The move raised substantial capital for FCA, simplified its brand management and span of control...