NetworkNewsBreaks – Deltec International Group Issues Update on Status of SOEs
Deltec International Group on Tuesday released an update on the status of state-owned enterprises (“SOEs”). According to the update, SOEs exist when governments deem them necessary for their respective economies or when companies owned by private shareholders cannot meet the demands of the public. As detailed in the update, “Regardless of whether an SOE is a proven success or failure, it is generally assumed to be inefficient, mismanaged and/or corrupt due to the lack of an inherent need to generate an attractive return on equity (i.e., an explanation as to the benefits of investing in it). In 2005, the Organization…
