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Saving AstraZeneca From The Filthy Foreigners Only Keep The Toffs Rich And Happy

Chancellor George Osborne during a visit to the Macclesfield AstraZeneca site in Cheshire. Picture date: Thursday January 12, 2012.

Chancellor George Osborne during a visit to the Macclesfield AstraZeneca site in Cheshire.
Picture date: Thursday January 12, 2012.

 

YOU may have noticed in all this talk about whether Pfizer should be allowed to buy AstraZeneca a certain amount of economic nationalism going on. You know, It’s ours, British, don’t let the bastard foreigners have it? That this isn’t in fact true, it’s not British, is obvious, as the Institute of Directors has pointed out:

“It is misleading to present AstraZeneca as some kind of UK national champion. The company is a truly multinational enterprise that was created through the earlier mergers of UK, Swedish and American companies. The majority of its employees are based outside Europe and its shareholders are overwhelmingly foreign institutional investors. It is run by a Frenchman and chaired by a Swede. It is a multinational company active in a global economy.”

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Posted: 7th, May 2014 | In: Money, Reviews | Comment