SWFs and Citigroup - Unethical or just Flash Players?
Another excellent collection of folks at the annual Gateway conference, a meeting of British American Business leaders.
Sir Wim Bischoff, Chairman of Citigroup, gave the keynote speech all about the impact of Sovereign Wealth Funds (SWF). Although they have been around for decades, it has only been the recent experiences with Middle Eastern, Chinese, Russian and other nation's funds buying big chunks of foreign businesses, that this has really appeared above the radar.
Bearing in mind their lack of transparency and potential threat to national interests, the idea of Chinese or Russian funds buying up large swathes of American and British businesses is something that many are wary of, and Sir Wim asked the question: should we be?
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