To: Zuben Elgenubi
THEN make the case that the business can be outsourced to a company in Dubai.
The business is not being OUTSOURCED. The operations were controlled by a British company who was being bought. There were multiple bids on the table by the other big ports operations companies, BTW none of which is a US company.
From this article,
http://www.moneyweek.com/file/5148/po-0212.html:
P&O is the worlds number-four container port operator, with 29 ports in eighteen countries. Until a year ago, DP had little business outside its home base, but the takeover will take it from sixth to third-biggest operator in the world. DP intends to keep the London headquarters, current management, employees and the 170-year-old brand. It is also committed to a planned giant new £1bn container port on the Thames gateway at Thurrock, Essex. The only mystery, says Lex in the FT, is why DPW wants to keep the troubled ferries business and property portfolio, which the management had been in the process of selling.
P&Os fate is a cautionary tale for British business, says Jeremy Warner in The Independent. The sale follows a succession of disposals forced on the company by its City shareholders: P&O Ned Lloyd, the container shipping operation, was sold to Danish rival Moeller-Maersk, and P&O Cruises was taken over by Carnival. P&O might live on as a trade name, but the promise it once held of becoming a global powerhouse has been squandered by short-sighted City types with their short-termist mantra of focus, consolidate and sell.
100 posted on
02/23/2006 7:59:44 AM PST by
Eagle of Liberty
(The Democrat Party is engulfed in a Culture of Hypocrisy)
To: Kerretarded
Warner and THREE Dems?..Levin, Kennedy, and Clinton..WTF..this is a press conference..
111 posted on
02/23/2006 8:04:25 AM PST by
ken5050
(Ann Coulter needs to have children ASAP to propagate her gene pool. Any volunteers?)
To: Kerretarded
You missed my point. I suggested we Federalize the port properties and then outsource the traffic to enterprise such as the British firm, with payments to the Feds. Keep security with Fed LEA and Coast Guard. Revamp the operation to focus upon soverignty and security of this great country. I don't think this is unreasonable.
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