The once CEO of Sears tried splitting the corporation into thirty to forty companies: https://www.versobooks.com/blogs/4385-failing-to-plan-how-ay... (I recall reading a more entertaining and detailed write-up, but this is what I could find on a quick Google Search)
In short, turns out aligning thirty to forty competing profit motives is hard.
In short, turns out aligning thirty to forty competing profit motives is hard.