Streetwise Professor

October 7, 2010

An American President Would Never Do That . . . Uhm, Check That

Filed under: Economics,Politics,Russia — The Professor @ 1:37 pm

Reuters reports that Putin’s meeting in Norilsk in August put the end to any talk of the Rusal plan to pay an extraordinary dividend.

Imagine that.  The head of government dictating a company’s dividend policy.  That would never happen here.

Except it did–with BP.  And we also have a government that controls executive pay in some companies, and invalidates the contractual rights of some parties in bankruptcy in order to benefit a politically favored group.

This kind of thing works so well in making Russia a haven for investment.  I’m sure it will do wonders here as well.

Print Friendly, PDF & Email

1 Comment »

  1. It is outrageous that Obama is making life difficult to such a wonderful and innocent company like BP, a company dedicated to radically changing the environment.

    Comment by Ostap Bender — October 8, 2010 @ 7:42 pm

RSS feed for comments on this post. TrackBack URI

Leave a comment

Powered by WordPress