Jorge Candeias (White Giant)
| Tuesday, November 02, 2004 - 03:49 pm |
No, I didn't answer my own question. I knew perfectly well that these companies were in trouble, but I decided that it was better for my country that they were kept running until either the market allowed them to resume full operation or my country's debt or cash allowed for a safe recovery or closure. These are state companies, not private ones, so there is not an obligation to make money. They should, but they don't have to - in rl many state-owned companies loose money consistently and remain in operation for strategic reasons.
My question is why wasn't I allowed to pursue that strategy and had the companies closed without even a warning.