If the government needs to step in, they need to make sure they get ownership. Take it off the market. Shares should just become worthless.
Western governments don’t want ownership. Politicians see ownership of capital assets as political liabilities. They require real labor and talent management and long term maintenance and planning. Western governments want kickbacks from successful privately run enterprises (or, at least, profitably run businesses) in the forms of employee income taxes, which can be turned into sinecures and patronages for their underlyings.
Nationalization is antithetical to how a modern western politician succeeds in their positions.
In Europe we have seen banks nationalized, politically appointed people put in charge. The banks managed back on track and now slowly sold back into the market again to make up for the loss. The shareholders got nothing when the banks where nationalized.
And that’s how you permanently destabilize a market economy!
What’s it called when private equity steps in, buys it and then starts selling off chunks of it?
Layoffs: that one weird trick to solve all business problems, the working class hates it!
Business Actuary: “So you fired all the superfluous VPs and middle managers, right?”
Boeing HR, drawing a big red line through the Quality Control and Safety Assessment departments
Actuary: “Right?!”
This new Boeing is not the same as the Boeing that America stood on. If this new Boeing is swept away and we lose American dominance in Aerospace, it’s something I can live with perfectly fine. There’s no patriotism in corporate success, let it all burn down. We’ve faced this before in the first gilded age, if we come out of the second gilded age, we’ll be a better country for it.
No need to run a functional company. When crucial industries get lost because of poor management, blame China.
Social Responsibility is not only making your workers build houses for the poor, it’s having enough cash in hand to take care of them when times are harder.
