Argentine Government
The Argentine Government is up to the directory of companies: why is this bad? April 16th, 2009 how difficult to carry out a productive activity in the Argentina! In addition to a context uncertain and unstable (mainly the product of official economic policy), controls on prices and the high rate of inflation, now the Government intends to get into the companies. Although the strategy is not the same used by Chavez, does not seem to differentiate too much of it. The nationalization of the funds of retirement and pensions (AFJP), in Argentina not only represented a problem for the contributors to the private system, but also was for several private companies of which had shareholding the missing entities of administration. Think that when privatized system of pensions and retirement in the Argentina, and were allowed the AFJP to invest a portion of the funds in local actions, this represented one very good news for the stock market local as their listed companies that struggled improve your score to be the object of investment for them. Now these companies have within himself an unwanted shareholder and that can adversely affect the prospects for them.
The nationalization of the AFJP system changed the corporate structure of the companies of one not minor mode that shares ownership of these companies that was in the hands of several AFJP happened to be in the hands of a single shareholder: the State. A shareholder with greater power and a different vision about business. What is the problem that the Government enter part of these private companies? The main problem is that the State does not think just like the private sector by what their influence in decision-making can move away to the signatures of its goal of maximizing benefits and may impede strategic decision-making for the future development of companies. In relation to this, the Argentine Government has already finished his view short-term, characteristic samples which are it becomes a threat when it translates into its interventions in these companies.