Philip Delves Broughton on GE’s bid for Alstom
Philip Delves Broughton, management expert and best-selling author, featured in today’s Financial Times commenting on General Electric’s attempted bid for Alstom, a large French multinational conglomerate which holds interests in the power generation and transport markets.
Philip argues that whilst François Hollande, President of France, and Arnaud Montebourg, his economy and industry minister, have meddled with the bid in a stand for economic nationalism, such a reaction could risk turning investors against the country. He goes on to warn that if “France treats GE as a whipping boy to prove some redundant theory of economic patriotism, it will be sending an awful signal about the severity of its underlying condition.”
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