Friday, January 24, 2014

Cargoforwarder: Robert Quits Cargolux
































My Orchids. Vanda. "Bonjour Tristesse". Photo ET


Cargoforwarders' report sounds like the medical report of what I called the "Chinese Syndrom".

This is the alarming quote in that report: " Robert is the first to quit, others might follow. His step clearly shows that there is widespread discontent with the Luxembourg government's decision to sell 35 percent state-held shares in Cargolux to the Chinese investor."

Losing the key architect of CV's sales is a serious problem. Without growing sales, no value is added. It is almost ironical that at the same time CV advertises that it is hiring a new CEO. Finally, but what about timing !? Any serious candidate knows now what is going on. So one can only find a kamikaze. You know those pilots who crash their aircraft on the target.

Now even that is not funny. It is perplexing how the new government just took over a lame duck solution from the former government, which did not earn the prize of the best negotiator of all times. Political expediency has won over talent and expertise.


An old friend of mine, Rene Anselmo, founder of PanamSat crafted his company's slogan on that subject: "Truth and technology will prevail over BS and bureaucracy". Well said. But in this case it is the contrary.



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