Or maybe they’d find someone else to take his place. Have you never heard of a business being seized?
If someone, or the government wants to take over a business, a hostile acquisition can be relatively straightforward. It's important to distinguish between business ownership and the people who actually run the business. Owners or investors are not the same as the skilled employees, managers, and executives responsible for day-to-day operations. A new owner can simply retain the existing workforce temporary by offering the same salaries or even higher pay to encourage them to stay. The could effort to pay a temporary higher pay for the staffs comfortably because they acquire the business
at a very attractive price.
This is not merely a theoretical scenario. Similar patterns have been seen repeatedly in Indonesia's mining, oil, and gas industries, banking, toll road, etc.
There are reasonable examples of Indonesian conglomerates with little or no prior experience in mining or oil and gas that have rapidly become major players in those sectors. A similar trend can be observed in the financial industry, where Indonesia's largest bank is now predominantly owned by parties who previously had no background in banking / finance business. More recently, politicians with no apparent experience in the catering or hospitality industry have also come to own and operate more than ten SPPGs (MBG kitchens) facilities. Well, in practice, it is a common knowledge that they do not actually operate the MBG kitchens, all they do it to appointment sub contractor and to take cut (commission). In MBG case it is called '
uang lewat' they receive full payment from the government and they pass it to the sub contractors who run the MBG kitchens after taking their cut.
Previously when someone said “almost any investment can become a good investment if you buy it
at a very attractive price ” Yet, there are still a few people who fail to understand this fundamental truth and wisdom in investing (Post #723 & #724). Do sensible people actuality need the help of AI to know this general truth ??
I was buying gold starting from 1 million Rp/gr. Did pretty well. Over the last 15 years an average price increase of 9.4% annually in Dollars.
www.expatindo.org