One important point for anyone considering an #investment in #Alibaba or any #Chinese company. You are NOT acquiring an ownership interest in the company itself like you would if you bought #shares in an #american company. You are buying shares of a “variable interest entity” or #VIE which is a #shellcompany. #China has strict rules around foreign investment so companies like BABA use them to access #Western #capitalmarkets. In the US VIEs were used by Enron to mask its looming #Insolvency.

🔊 #NowPlaying on #BBC6Music's #MaryAnneHobbs

Shell Company:
🎵 Adorn

#ShellCompany

https://open.spotify.com/track/51n3Ztz1aMph23lHp07tgI

https://fixedabode.bandcamp.com/album/adorn-ep

Is #JohnsonAndJohnson seriously trying to use a #shellCompany to avoid paying #compensation to the families of #cancer victims, due to having #asbestos in #babyPowder?

A they really going to try a file for #bankruptcy here?

Honestly, this shouldn't even really be only a monetary compensation. If CEOs and executives turned a blind eye to this, then there needs to be an honest look at prison time for these cretins.

#talc #talcumPowder #bigPharma

Is #JohnsonAndJohnson seriously trying to use a #shellCompany to avoid paying #compensation to the families of #cancer victims, due to having #asbestos in #babyPowder?

A they really going to try a file for #bankruptcy here?

Honestly, this shouldn't even really be only a monetary compensation. If CEOs and executives turned a blind eye to this, then there needs to be an honest look at prison time for these cretins.

#talc #talcumPowder