MercoPress. South Atlantic News Agency
Argentina leading steelmaker clashes with government over company control
A planned dividend payment by Argentine steelmaker Siderar was blocked by a judge on Thursday in the latest twist in a row linked to President Cristina Fernandez de Kirchner government's efforts to tighten control over leading companies. Read full article
Comments
Disclaimer & comment ruleswhoa! what a way to make business, she's a beast lol
May 06th, 2011 - 06:36 am - Link - Report abuse 0CK: big, baaaad shareholders, no candies for you!!! All for me!
May 06th, 2011 - 11:15 am - Link - Report abuse 0“The Anses holds stakes in 42 companies as a result of President Cristina Fernandez's 2008 nationalization of private pension funds”.
May 06th, 2011 - 11:25 am - Link - Report abuse 0So,
as far as Argentinean *private companies* are concerned:
CFK has around 25% nationalisation through taking over the Pension Fund stake in the companies.
And it may take 10% to give to the unions.
And it can 'pack' the company board.
And it assumes full voting rights on the board.
Destruction of private industry in Argentina is assured.
At least someone is trying to take a stand against CFK. I doubt they will persevere. Most businesses here are afraid of the government and with good reason.
May 06th, 2011 - 02:52 pm - Link - Report abuse 0Only a fool would invest money in the kleptocracy that is called Argentina. But those of us in the USA can look to Obama doing the same things in the near future. Witness his NLRB ruling on Boeing plant in South Carolina.
May 06th, 2011 - 02:56 pm - Link - Report abuse 0#5
May 06th, 2011 - 03:12 pm - Link - Report abuse 0I'm going to tell that there is nothing here that can be compared to, or is relative to the USA. What you think is a crisis in the US, is everyday life in Argentina.
Number 5, You're so wrong, Patty O'Bozo (Obama) caught Osama, everything is fine in good old USA, and there is no inflation. How dear you criticize the fuhrer.
May 06th, 2011 - 05:45 pm - Link - Report abuse 0:D
I think “insanity” is the word to describe CFK attitude. I am sure there are capable people in Argentina to lead the country out its mess. It looks more like a “dictartorship” than anything else. She is reading the wrong book. She should also read about what can happen to dictators in the long run....Hitler, Mussolini, Peron, Marcos, .....etc.etc.
May 06th, 2011 - 07:07 pm - Link - Report abuse 0They should investigate her....to see how much money she is stealing!!
Extraordinary that these projects of state involvement in large corporations are seen as wonderfully progressive in Scandinavia but outragouus in Argentina.So Cristina Kirchner is insane well insanity seems very good for the economy 9,2% up in 2010 and at least 7% in 2011.Id say Cameron and Clegg would love to be this insane.
May 06th, 2011 - 09:22 pm - Link - Report abuse 06 ptolemy,
May 07th, 2011 - 02:15 am - Link - Report abuse 0You're wrong, the US is in crisis, has been for a long time.
9,
Well said.
#10
May 07th, 2011 - 03:05 am - Link - Report abuse 0Reread the post. Look up concept of relativity too.
O gara (#9)
May 07th, 2011 - 11:19 am - Link - Report abuse 0“Extraordinary that these projects of state involvement in large corporations are seen as wonderfully progressive in Scandinavia but outragouus in Argentina”
http://www.sweden.se/eng/Home/Business/Ethics_and_Business/Facts/CSR1/
You will see that the Scandinavian model of ethics and social provision through govermental frameworks for large corporations guards explicitly against, controls and prohibits all the things we see and criticise in Argentina.
You are SO WRONG, o gara.
#12
May 07th, 2011 - 12:39 pm - Link - Report abuse 0Ethics have always been the problem in Argentina, but then again, ethics is a different animal in South America.
Sweden Model = South Korea Model !!
May 07th, 2011 - 01:58 pm - Link - Report abuse 0Geoffrey baby What am I so wrong about.i didnt even express an opinion merely commenting that I found it strange how some people find something positive in one country but not in another.I would say the assured destruction of private industry which you espouse hardly looks likely as the Argentine economy powers ahead.Mrs Kirchner it seems to me has a clear concept of private industry being encouraged to develop in key areas of Argentinas development.i suspect what wrong with you Geoffrey baby is that you HOPE,PRAY that argentinas private industry is doomed but dont hold your breath
May 07th, 2011 - 02:20 pm - Link - Report abuse 0Sorry, O gara #15,
May 07th, 2011 - 04:17 pm - Link - Report abuse 0I thought you were expressing your own point of view.
Wrt your last sentence:
Not at all, it is my devout hope that Argentinean succeds in developing its own, home-grown modern industry.
And that it does this using the Swedish model once the country can afford to invoke it.
In the meantime I HOPE for rapid and *uncorrupted* development of *indigenous* and introduced industries operating at sufficient profit to the shareholders to keep their business in existence and expanding.
Geoff.
O Gara
May 07th, 2011 - 04:32 pm - Link - Report abuse 0Always a pleasure watching your profound understanding of the murky English soul...........and your effective way of dealing with it :-)
What's this, Think! An Englishman with a soul?
May 07th, 2011 - 06:50 pm - Link - Report abuse 0;-)
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