Thursday, July 29, 2010

BP's Sterling Character

Remember the Anglophobia phobia and all the talk of how BP was a British national icon, so Americans should stop saying such mean things? I do. It looks like that was pretty much a scam. Now everybody's fine with the national icon having an American CEO. An AP reporter comments, "While residents of Paris or Rome might be chagrined to see a foreigner running one of their country's corporate giants, politicians and the public here appear relaxed about it." She goes on to quote the editor of a British business magazine: "British investors care about one thing and one thing alone, and that is the share price."

And that, of course, is what the American bad-mouthing of BP really jeopardized. How crass. One doesn't like to stereotype, but obviously Dickens was right when he made Fagin a Briton.

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