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Others have talked about the taxation faced by Aramco. I also wonder how well Aramco is run. I've heard government jobs in Saudi Arabia involve coming into the
by brownbat 10y ago
Others have talked about the taxation faced by Aramco. I also wonder how well Aramco is run.
I've heard government jobs in Saudi Arabia involve coming into the office maybe once a month.[0]
I'm not sure how representative that anecdote is, and I'm not sure if that's standard in Aramco too or not. Even if that's primarily just a factor of the public sector, I imagine it'd make it hard to compete for high quality labor in that ecosystem.
A large company sitting on abundant natural resources could develop lots of inefficient habits... has anyone written about management a/o culture at Aramco?
[0] http://www.npr.org/2016/02/11/466457128/saudi-arabia-turns-to-plan-b-as-oil-prices-continue-to-fall http://www.npr.org/2016/02/11/466457128/saudi-arabia-turns-t...
- pisarzp 10y agoI had a dinner this week with someone running IPO process, and he was very impressed with how well Saudi Aramco is run. He saw many business of this kind worldwide, and he states this is the best run one.
- jpatokal 10y agoSaudi Aramco is reasonably well run, because like all functional companies in Saudi Arabia, it's operated almost entirely by expat labor with a thin layer of Saudis in management and a not-so-thin slice of Saudis sprinkled throughout mostly to fulfill Saudization quotas. Government jobs, on the other hand, are 100% Saudis and function essentially as a welfare/patronage system.
- chimeracoder 10y ago> I've heard government jobs in Saudi Arabia involve coming into the office maybe once a month. There are government-paid jobs in the US and other countries that aren't very far off from that.