Uncovering corruption and scandals in Aramco is good for the success of the IPO. The young Crown Prince is a smart man, his move to bring transparency into the oil giant will put so many of the low and mid management staff out of business. However; uncovering alone won't end the robberies taking place every single day, but holding people strictly accountable for their actions will, for certain, do the trick. Strict accountability we does't mean putting the corrupt Manager on special assignment, keep him as "Unplaced" Manager Level, and continue to pay him salary, but rather, arrests and prosecutions. Many Divisions and Departments are being run as private business bringing sizable supplemental income to it's manager and his family and friends. Those sub-organizations are being well-protected from internal enemies (honest employees), as well as external enemies (Corporate Auditors). It's highly doubtful that GM they just give it the blind eye.
7 replies (most recent on top)
Trust me no one wants a Saudi citizenship, not even a darn robot...
First country to ever grant citizenship to a robot. The robot citizen was US made of course but it kept a lot of saudis busy planning the great announcement celebrating "their" achievement. Great progress! Reminds us all of the last 70-80 years.
If a Saudi robot wants US citizenship he/she will still need to get in line, get a visa, and earn their citizenship the hard way.
Very exciting news about the robot city. It's like Saudi's investments in the Maldives:
-
Saudis come in and invest, bringing their moderate, peaceful, and tolerant values
-
Local girl (2015) has out of wedlock pregnancy
-
For the first time in their history said local girl sentenced to stoning for adultery
That is what investment dollars to saudis buys the investor and affected people.
Umm first poster needs to get a life...... Who cares about Aramco that much. Robots to the rescue. Mickinsley consultants are wack jobs.....
The 500 billion dollar robot city will turn things around! Definitely on the path to recovery!
Saudi math: The 400 billion dollar public investment fund will invest in kingdom wide infrastructure, housing, business development, AND build a 500 billion dollar futuristic robot staffed city AND AND Ensure the Prosperity of The Saudi People.
Good Grief enough already.
That IPO is dead. Selling off "shares" of a looted company was never going to happen and this failure will add just get added to the growing list of other failures in the kingdom.
The most successful aspect of the IPO was the grand accouncement anc the news coverage. That pretty much summarizes the entire Aramco culture.
Aramco is cesspool of corruption, all deals have kickbacks built in and the Saudi owners are clueless as usual