In the UK it was briefly: ‘Ah well, there goes another one.’ All eyes then turned away from P&O toward the next blue chip British company to fall into foreign ownership . Last month Pilkington, bought by the Japanese. Today BOC is truffled up by Linde of Germany. Who’s next? Who cares…..

In the US such laissez-fairiness is unthinkable. It matters who owns their corporations. And if you’re Chinese or Arab it matters a lot. (more…)

Labels: Let me drive....

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