Thursday, October 06, 2016

Breaking News: Africa Is Still Africa

The latest two-bit backwater banana republic to attempt a fleecing of a great American company is...Chad. 

$74 billion.  That's 5x Chad's GDP and 20% of ExxonMobil's market capitalization. 

Not much news here, just fun stuff to watch.  They don't teach you how to deal with this kind of stuff in business school.  This is where the hardscrabble, internal Exxon MBA training - and a bit of Texas oil industry toughness - comes into play.

Chad will be told to pound sand.


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