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Nationalized, crown or state-owned corporations are still corporations. The fact that they get large govt. subsidies or discounts (if they do, some don't) is pa

Nationalized, crown or state-owned corporations are still corporations. The fact that they get large govt. subsidies or discounts (if they do, some don't) is part of the deal. Nationalized corporations also have their downsides like frequent government/bureaucratic interventions that make no business sense and having to fork a lot of revenue for governmental purposes when needed. You can find a lot of nationalized corporations that don't do so well or are essentially failing. As quoted: “Aramco is wholly-owned by the state and is expected to remain largely under government ownership even after any potential IPO in the future,” Akbar added. “While there is a clear track record of Aramco having been run as a commercially independent company, the government’s budget is highly reliant upon contributions from Aramco in the form of royalties, taxes and dividends.” in below article: https://www.cnbc.com/2019/04/01/saudi-aramco-made-111-billion-in-2018-topping-apple-as-the-worlds-most-profitable-company-by-far.html https://www.cnbc.com/2019/04/01/saudi-aramco-made-111-billio...

Not_a_pizza 8y ago
You might as well label the Fed a corporation officially then, and do a real compare and contrast.
- GCA10 8y ago
  If I'm reading this correctly, the Fed and its member banks had $49 billion of net income through the first nine months of 2018, before remittances to the U.S. Treasury. https://www.federalreserve.gov/aboutthefed/2018-september-federal-reserve-banks-combined-quarterly-financial-report-unaudited.htm https://www.federalreserve.gov/aboutthefed/2018-september-fe... Very nice showing. If you annualize the Fed's nine-month rate, it's probably slightly ahead of Apple's money-making rate, which is the best in the U.S. corporate sector. (Apple reported $59 billion in net income for the full year ended Sept. 29, 2018.) Even so, the Fed can't quite crank out profits at an Aramco tempo.
  - Not_a_pizza 8y ago
    The Fed is effectively pulling money out of thin air, and profit sharing with it's largest partners - big banks, something which Saudi Aramco is both unable and unwilling to accomplish.
    - MagnumOpus 8y ago
      98% of Fed profits go directly to the Federal Government treasury, not big banks.

Not_a_pizza 8y ago

You might as well label the Fed a corporation officially then, and do a real compare and contrast.

GCA10 8y ago
If I'm reading this correctly, the Fed and its member banks had $49 billion of net income through the first nine months of 2018, before remittances to the U.S. Treasury. https://www.federalreserve.gov/aboutthefed/2018-september-federal-reserve-banks-combined-quarterly-financial-report-unaudited.htm https://www.federalreserve.gov/aboutthefed/2018-september-fe... Very nice showing. If you annualize the Fed's nine-month rate, it's probably slightly ahead of Apple's money-making rate, which is the best in the U.S. corporate sector. (Apple reported $59 billion in net income for the full year ended Sept. 29, 2018.) Even so, the Fed can't quite crank out profits at an Aramco tempo.
- Not_a_pizza 8y ago
  The Fed is effectively pulling money out of thin air, and profit sharing with it's largest partners - big banks, something which Saudi Aramco is both unable and unwilling to accomplish.
  - MagnumOpus 8y ago
    98% of Fed profits go directly to the Federal Government treasury, not big banks.