Egbert Posted January 19, 2010 Report Share Posted January 19, 2010 So after all the flag waving about keeping Cadburys British, it turns out all they were after was more money. Does nobody care about anything other than money these days? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted January 19, 2010 Report Share Posted January 19, 2010 Sad but true, I wonder when production will be moved abroad Quote Link to comment Share on other sites More sharing options...
observer Posted January 19, 2010 Report Share Posted January 19, 2010 Why the surprise Eggy; it's called capitalist economics! Quote Link to comment Share on other sites More sharing options...
LymmParent Posted January 19, 2010 Report Share Posted January 19, 2010 Would the Great British Public have paid double per bar to keep it British? Would the GBP have voted immediately for sale to Satan himself if it meant the price of a twirl came down by 10p? No point criticising people for selling their own property at the best price. They'd have got nothing from us in return for staying British. Quote Link to comment Share on other sites More sharing options...
observer Posted January 19, 2010 Report Share Posted January 19, 2010 Well they did it with the Banks and the Railways when they collapsed; making the private sector a win if they win, win if they fail scenario. Not that chocolate is an essential national asset, but a windfall tax might be appropriate?! Quote Link to comment Share on other sites More sharing options...
LymmParent Posted January 19, 2010 Report Share Posted January 19, 2010 Well they did it with the Banks and the Railways when they collapsed; making the private sector a win if they win, win if they fail scenario. Not that chocolate is an essential national asset, but a windfall tax might be appropriate?! Can't see them nationalising Dairy Milk, Obs..... and if they did, within three years it would be unaffordable or inedible or both!! Quote Link to comment Share on other sites More sharing options...
Egbert Posted January 19, 2010 Author Report Share Posted January 19, 2010 I'm not surprised, Obs, but there was a great deal of patriotic flag waving when the first offer was made. I am, of course, not The Great British Public, but I probably won't go out of my way to buy Cadbury in future, adding them to my blacklist of companies, etc, which I do not purchase from and which includes BMW, Toyota, Tesco and anything French! Quote Link to comment Share on other sites More sharing options...
observer Posted January 19, 2010 Report Share Posted January 19, 2010 As I said, chocolate isn't an essential featureof the national economy - this saga merely adds another reason for not buying it! Quote Link to comment Share on other sites More sharing options...
LymmParent Posted January 19, 2010 Report Share Posted January 19, 2010 As I said, chocolate isn't an essential featureof the national economy - this saga merely adds another reason for not buying it! Well, it's pretty key to my household economy. I can even get the dog bathed for a bag of Maltesers..... Quote Link to comment Share on other sites More sharing options...
asperity Posted January 19, 2010 Report Share Posted January 19, 2010 As I said, chocolate isn't an essential featureof the national economy - this saga merely adds another reason for not buying it! If you dislike Cadbury chocolate anyway Obs, which seems apparent from your post, why are you so bothered about them being bought? Quote Link to comment Share on other sites More sharing options...
observer Posted January 19, 2010 Report Share Posted January 19, 2010 I don't dislike chocolate, but it's hardly an essential survivival item is it? The Q. is with this issue, leaving aside the sentiment, that the so-called free-market global economy allows the bigger fish to swallow up the minnows in this global game of monopoly - the problem is, that many (like France) Countries have laws to protect their national interests, whilst at the same time buying up British Companies, asset stripping them, and moving production to cheaper labour markets - such are the joys of capitalism. Quote Link to comment Share on other sites More sharing options...
asperity Posted January 20, 2010 Report Share Posted January 20, 2010 As you say it's not an essential item, so why are you so cut up about it? C'est la vie! Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 20, 2010 Report Share Posted January 20, 2010 I understand that the majority of Cadbury's shares are held in the US and.......China, although most of the small shareholders are British. PS The US will now have the secret of how to make cream eggs. PPS Isn't Cadbury's partly responsible for creating a nation of fatties. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 20, 2010 Report Share Posted January 20, 2010 I see that some seem to have done well from the deal: "The chief executive of Cadbury stands to pocket cash and shares worth ?12m from the company's ?11.9bn sale to the American food giant Kraft in a deal that also hands fees of at least ?250m to legions of City advisers. The scale of the payments for Todd Stitzer contrasts sharply with the uncertainty faced by thousands of Cadbury factory workers, after the group's chairman Roger Carr admitted he had put shareholders first and job losses were inevitable." Daily Mail & other papers. Quote Link to comment Share on other sites More sharing options...
observer Posted January 20, 2010 Report Share Posted January 20, 2010 Asp; I'm NOT "cut up" about it: Eggy raised the topic, I merely made some observations. Quote Link to comment Share on other sites More sharing options...
LymmParent Posted January 20, 2010 Report Share Posted January 20, 2010 PS The US will now have the secret of how to make cream eggs. The Russians must be terrified...... Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 20, 2010 Report Share Posted January 20, 2010 Quote Link to comment Share on other sites More sharing options...
asperity Posted January 20, 2010 Report Share Posted January 20, 2010 Well you sound unhappy in your "observations" Obs Quote Link to comment Share on other sites More sharing options...
observer Posted January 20, 2010 Report Share Posted January 20, 2010 Only for the poor Bs who will probably lose their jobs! Quote Link to comment Share on other sites More sharing options...
asperity Posted January 20, 2010 Report Share Posted January 20, 2010 And that is a reasonable sentiment. Apparently there will be job losses world wide, although only 20% of Cadbury's workforce (9000 out of 45000) are employed in this country. Unfortunately not even "the man who saved the world" G.Brown esq can save them. Quote Link to comment Share on other sites More sharing options...
Bazj Posted January 20, 2010 Report Share Posted January 20, 2010 I also read today that the treasury stands to lose millions in tax revenues as Krafts accountants use their usual nouse to lessen the burden of tax in foreign countries which they have done with all previous aquisitions. Add to that the fact that any job losses will attract unemployment and other benefits, it isn't a good day for the UK! For once, I also listened to Clegge today at PMQ's and he reckoned that the RBS were intent on lending Kraft a good few million/billion to help fund the takeover and thereby putting UK workers on the dole. If indeed it is true, it is a sad day when a bank bailed out by UK taxpayers money lends to a forein company to help wipe out 100 years+ of British tradition while refusing to lend to UK businesses in the process...... you couldn't make it up! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted January 20, 2010 Report Share Posted January 20, 2010 It could only happen in the UK Baz Quote Link to comment Share on other sites More sharing options...
observer Posted January 20, 2010 Report Share Posted January 20, 2010 Seems the only British product we are keeping is our nuclear waste - which is now coming back to haunt us! Quote Link to comment Share on other sites More sharing options...
Peter T Posted January 21, 2010 Report Share Posted January 21, 2010 Seems the only British product we are keeping is our nuclear waste - which is now coming back to haunt us! But it's nicely wrapped. Quote Link to comment Share on other sites More sharing options...
RENT-A-GOAT Posted January 29, 2010 Report Share Posted January 29, 2010 Sad but true, I wonder when production will be moved abroad So as a "pro European" please can you explain which part of "production will be moved abroad" you're so upset about? Quote Link to comment Share on other sites More sharing options...
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