4 ms·
That's likely part of their calculus. By shelling out shares in a massively profitable company, they tie their interests to the buyers, who are likely to have c
by ellius 10y ago
That's likely part of their calculus. By shelling out shares in a massively profitable company, they tie their interests to the buyers, who are likely to have considerable influence and will further continue to prop up their regime.
- devoply 10y agoThis is exactly right. In fact if any of the people running the Middle East were more intelligent, they would've done just that decades ago. Aramco use to belong at least in part to the US until the 80s when it was bought out fully by the Saudis. It looks like they are selling it back in hopes of keeping Saudis a float. But really for how long. On the other hand, I have heard from some Capitalists that it's an easy game if you have money as long as you manage it well. It just keeps making more money and you don't have to do shit. The Saudis are pretty used to this by now, not doing shit, messing up the world, and being rewarded for their misdeeds.