In the Netherlands the government does take ownership. However it tries to sell that back to the company as soon as possible because we love privatizing everything.
I think the KPN takeover threats, shell and Ahold leaving and the comment of the ASML CEO might have woken some of the government up to the fact that you need a golden share in Essential companies. But then… maybe not.
I don’t mind the idea of selling the company back.
Well, that is basically what happens in the U.S. government bailouts are loans, and if they default on the loan, the government takes control of the company and auctions off whatever it can to recoup costs.
In the Netherlands the government does take ownership. However it tries to sell that back to the company as soon as possible because we love privatizing everything.
I think the KPN takeover threats, shell and Ahold leaving and the comment of the ASML CEO might have woken some of the government up to the fact that you need a golden share in Essential companies. But then… maybe not.
I don’t mind the idea of selling the company back. Depends on the company but there are some business that make no sense for the government to own.
A bad example, but imagine a payday loan company. It can give some bad incentives to be locked into these businesses.
Well, that is basically what happens in the U.S. government bailouts are loans, and if they default on the loan, the government takes control of the company and auctions off whatever it can to recoup costs.