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Seems sort of better than the alternative though isn’t it, ie the American model where industrial companies are endlessly looted by management, investment banke
by CPLX 5y ago
Seems sort of better than the alternative though isn’t it, ie the American model where industrial companies are endlessly looted by management, investment bankers, and private equity firms via a never ending series of mergers and divestments and massive debt loads.
It may not be charity, but at least it’s stable.
- rsj_hn 5y agoIt's not an either-or question. The US has similar style tax-avoidance structures that may sponsor a little-league team or classical music concert to maintain their public image. And Europe has their own corporate raiders -- did you follow the latest drama between Porsche and VW? That failed takeover bid forced out the Porsche CEO but at least he had a $200M golden parachute.
- realityking 5y agoCalling it “the latest drama” might be accurate (I don’t think there’s more recent drama) but it obscures the fact that this particular drama was resolved 12 years ago with VW buying Porsche and the Porsche shareholders becoming the largest VW shareholders.