posted on Apr, 12 2006 @ 08:57 AM
Well let's leave the childish, pointless and deeply simplistic US v EU/UK nationalistic baiting aside as the ridiculous embarrassment it so obviously
I am greatly displeased with this BAE decision but, as Waynos rightly said, the history of wrong-headed and short-sighted decisions by elements within
(all of) British industry is well documented and sadly very well know.
No doubt the biggest shareholders will make their short-term gains over this but I'd bet the house that within 10 - 20yrs all we are left with is a
company plate on a wall somewhere fronting a small sub-section of a mainly American parent corporation.
It is the ultimate result of putting markets in charge.
It is a very sad end to what was a great company (made up of very great pioneering companies) that, post-privatisation, never could work out whether
it looked to the USA or Europe and had utterly lost sight of the idea of any underlying 'British strategic requirement' long long ago IMO.
(......and for those wondering what the difference I see is I'd say that at least as a partner in cooperation within the EU they stood to exist as a
separate and 'sovereign' entity.
The ultimate fate of becoming swallowed up, stripped out and reduced to the status of an 'arm' of of a US corporation is very much a worse option.)