4 ms·
> One government might take action against a foreign company because it is foreign, yet allows the same behavior from a domestic company Yup, I think we have s
by _0ffh 7y ago
> One government might take action against a foreign company because it is foreign, yet allows the same behavior from a domestic company
Yup, I think we have seen that with Monsanto. US courts mostly got the kid gloves out when dealing with their antics. Cue Monsanto gets acquired by Bayer, next thing you know it's convictions left and right.
- adventured 7y agoThe likely decade of court losses was clearly inbound, it's why Monsanto was sold off. There was going to be no upside to the stock in that atmosphere, so a nicely priced sale was the optimal out. The court losses you're referring to were well set before the sale. The roundup trial for example was filed a year prior to the sale. The lawyers for Monsanto and Bayer very likely knew how bad it was, they had a better view than anybody else. Bayer knew exactly what it was buying: they're going to trade a mere year or two of Monsanto profit (maximum), across a decade, to pay for the overall legal hit. In exchange they get to buy a fortress of intellectual property and one of the globe's dominant AG chem / AG biotech businesses (on a planet that will add ~3 billion more people to feed in the coming decades).