Manhattan Strip Clubs: Flaky thinking from those who scream foul over Cadbury
A big slice of that sum will end up in the coffers of British pension funds, helping to provide a more secure old age for domestic workers. Legal & General alone owns 5 per cent of Cadbury. I cannot imagine that many of its customers, whose retirement pots will be plumper, will be ringing up Mr Carr to complain.
It is, of course, legitimate to examine if there are wider national considerations at stake in cross-border takeovers. But it is still sad to see so much of the debate driven by crude political imperative. Myths abound, not least that all Johnny Foreigners are asset-strippers who suck businesses dry before moving on to their next victim. You can name, I’m sure, examples of British companies being run badly by overseas owners. But equally, there are plenty of cases where a domestic business has been saved by an outsider’s injection of money and enterprise.