Exeunt the Texan Oilers, welcome to the Emirate Drillers. Halliburton decides to move its franchise from Houston to Dubai, where CEO David J. Lesar will fell at home (show off new rich, bad taste contest and massive environmental plundering). The politically and environmentally correct TXU deal was just a farewell gift before the camel ride.
Like the KBR spin off. A prerequisite for the move since US military and national security is involved. The Bush administration* learned something from the DP World incident**.
Definitely, this administration can take lessons and good decisions. But only when it comes to this company***.
* Or should I say the Cheney administration ? As Jay Leno put it after the failed attack on the Veep in Afghanistan ("Red blogule to intel kept inside - Cheney caused 23 more deaths" - 20070303), the US were lucky : they could be ruled by George W. Bush now.
** "Red blogule to the DP World - P&O deal's Architects and winners" (20060224)
*** the priority of rescuers after Kathrina crushed the South (see my previous "Red blogule to Halliburton and the 40 thieves" - 20050911)
Showing posts with label DP World. Show all posts
Showing posts with label DP World. Show all posts
20060224
Red blogule to the DP World - P&O deal's Architects and winners
When Karl Rove claims total transparency and George W Bush puts his veto in the balance, something pretty vital for the Bush Administration must be under way.
We're just talking about a takeover of the P&O Group (The Peninsular and Oriental Steam Navigation Company), which happens to operate all major US ports on the East Coast, New Orleans, Florida and Texas included. Some are worrying because national security is at stake and the new owner, DP World (Dubai Ports World), is wholly owned by the government of the United Arab Emirates.
As far as I'm concerned, I'm sure DP World will do as good a job as P&O - if not better. The issue lies elsewhere and quite a few questions burn my lips :
. why are the Bush Administration so eager to push the takeover, defend DP World and take as many risks in an election year ?
. what can they get in exchange for DP World's new entry points, and not only in North America (ie Asia - including Russia, India, Indonesia and China -, France, the UK, not to mention P&O Estates' 25 million ft² of property in Western countries and Australasia ?
. what role did Dave Sanborn play during his one year of service at DP World (as a Director of Operations for Europe and Latin America) to deserve a nomination by Dubya himself as MarAd (Maritime Administrator - under Secretary of Transportation Norman Mineta) ?
. why was the recent replacement of Russ Peters by Helen Deeble as P&O's CEO announced by, among all the company's top guns, Sir John Parker* ?
. what promises were made by Sultan Ahmed Bin Sulayem, Chairman of DP World and so much respected by the Haves More of the world (also Chairman of Nakheel, the owner of The Palm and The World luxury resorts) ?
. why did DP World overpay so quickly and overwhelmingly for P&O, far beyond what PSA could ever consider realistic (this Singapore-based competitor also coveted the UK operator and immediately gave up), and to the point they even had to admit by themselves the price was excessive ?
. ...
Looks like DP World's takeover of P&O was not only accepted by, but made possible by the Bush Administration. If not how, time will tell why.
* An advisor to the Defense Academy and a President of the Royal Institution of Naval Architects, Sir John has been cruising in the naval circles for ages (Carnival Corporation, National Grid Transco, P&O...), claims a few prestigious memberships or chairmanships (Court of the Bank of England, General Committee of Lloyds Register of Shipping, Lloyds Technical Committee...), but also seems to know quite a lot about lobbying in the US :
- Brambles Industries plc (support services for heavy industries),
- Babcock International Group plc (technical services and engineering, aerospace and defense, a major contractor in Afghanistan and Iraq),
- Chairman of the RMC Group plc (alias Cemex, the leader of concrete in the US)...
We're just talking about a takeover of the P&O Group (The Peninsular and Oriental Steam Navigation Company), which happens to operate all major US ports on the East Coast, New Orleans, Florida and Texas included. Some are worrying because national security is at stake and the new owner, DP World (Dubai Ports World), is wholly owned by the government of the United Arab Emirates.
As far as I'm concerned, I'm sure DP World will do as good a job as P&O - if not better. The issue lies elsewhere and quite a few questions burn my lips :
. why are the Bush Administration so eager to push the takeover, defend DP World and take as many risks in an election year ?
. what can they get in exchange for DP World's new entry points, and not only in North America (ie Asia - including Russia, India, Indonesia and China -, France, the UK, not to mention P&O Estates' 25 million ft² of property in Western countries and Australasia ?
. what role did Dave Sanborn play during his one year of service at DP World (as a Director of Operations for Europe and Latin America) to deserve a nomination by Dubya himself as MarAd (Maritime Administrator - under Secretary of Transportation Norman Mineta) ?
. why was the recent replacement of Russ Peters by Helen Deeble as P&O's CEO announced by, among all the company's top guns, Sir John Parker* ?
. what promises were made by Sultan Ahmed Bin Sulayem, Chairman of DP World and so much respected by the Haves More of the world (also Chairman of Nakheel, the owner of The Palm and The World luxury resorts) ?
. why did DP World overpay so quickly and overwhelmingly for P&O, far beyond what PSA could ever consider realistic (this Singapore-based competitor also coveted the UK operator and immediately gave up), and to the point they even had to admit by themselves the price was excessive ?
. ...
Looks like DP World's takeover of P&O was not only accepted by, but made possible by the Bush Administration. If not how, time will tell why.
* An advisor to the Defense Academy and a President of the Royal Institution of Naval Architects, Sir John has been cruising in the naval circles for ages (Carnival Corporation, National Grid Transco, P&O...), claims a few prestigious memberships or chairmanships (Court of the Bank of England, General Committee of Lloyds Register of Shipping, Lloyds Technical Committee...), but also seems to know quite a lot about lobbying in the US :
- Brambles Industries plc (support services for heavy industries),
- Babcock International Group plc (technical services and engineering, aerospace and defense, a major contractor in Afghanistan and Iraq),
- Chairman of the RMC Group plc (alias Cemex, the leader of concrete in the US)...
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