4 ms·
If it was nationalised all the talent would leave anyway, as the government can't pay close to the compensation they were getting.
by logicchains 3y ago
If it was nationalised all the talent would leave anyway, as the government can't pay close to the compensation they were getting.
- yafbum 3y agoYou are maybe mistaking nationalization for civil servant status. The government routinely takes over organizations without touching pay (recent example: Silicon Valley Bank)
- kickopotomus 3y agoEhh I don't think SVB is an apt comparison. When the FDIC takes control of a failing bank, the bank shutters. Only critical staff is kept on board to aid with asset liquidation/transference and repay creditors/depositors. Once that is completed, the bank is dissolved.
- yafbum 3y agoWhile it is true that the govt looks to keep such engagements short, SVB absolutely did not shutter. It was taken over in a weekend and its branches were open for business on Monday morning. It was later sold, and depositors kept all their money in the process. Maybe for another, longer lived example, see AIG.