He added: “Did you ever hear the statement that, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!”
Between that and Lutnik saying on TV that they want shares of every big government contractor, I think what they’re trying to do is to copy (sloppily) China’s SOE driven model. Since they are doing it cynically in an attempt to compete and in a way that still continues to suck all the wealth in the ultra-rich’s pockets all the same, it’s sure to end up as an unworkable mess that’s only gonna put them in even more trouble.
He added: “Did you ever hear the statement that, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis??? Not good!!!”
But I thought “CHINA BAD!!!”?
Between that and Lutnik saying on TV that they want shares of every big government contractor, I think what they’re trying to do is to copy (sloppily) China’s SOE driven model. Since they are doing it cynically in an attempt to compete and in a way that still continues to suck all the wealth in the ultra-rich’s pockets all the same, it’s sure to end up as an unworkable mess that’s only gonna put them in even more trouble.