No way they should break up J&J. The idea is moronic and comes up every year. When one sector is in "sick bay", the other tend to pick it up. Look at some of the growth in Pharma and MDD that helped out a virtually non-existent Consumer business.
The stock price is flat because of the gross mismanagement of the past ten years. To the earlier post, it's going to take Gorsky more than 45 days to right this ship but he'll get it done.