The PIF and us

[Sclox]

https://www.youtube.com/watch?v=bUcyQGOzG3s

This link should work

Very interesting. I get the impression that Yasir Al-Rumayyan is a decent man with good morals and business ethics from this. A lot of corporate responsibility in those chosen investments. A lot classier than your normal US/UK company boss I reckon. I reckon these lads should get behind the British electric car battery industry here because its non existent as it stands - ahead of the 2030 deadlines set by the government. Money to be had there, I think they attempted a mega factory in Blythe but it collapsed due to lack of government support.

[Ragatino]

Very interesting. I get the impression that Yasir Al-Rumayyan is a decent man with good morals and business ethics from this. A lot of corporate responsibility in those chosen investments. A lot classier than your normal US/UK company boss I reckon. I reckon these lads should get behind the British electric car battery industry here because its non existent as it stands - ahead of the 2030 deadlines set by the government. Money to be had there, I think they attempted a mega factory in Blythe but it collapsed due to lack of government support.

In the Middle East things are considerably more traditional. Dignity, respect and decency are still integral to society. in 8 yrs I've only seen 1 or 2 people screaming, shouting and arguing in public. Surprise, Surprise those people were drunk Europeans, Dutch & a English... doing us proud! So embarrassing!

They have a concept called 'Wasta' - it means 'Clout / Who you know'. Western media like to report it as Nepotism, a negative thing. When in fact, its the complete opposite. People who do a good job and show loyalty, respect and deliver on their word and promise are rewarded with more work, promotions, responsibility and all the benefits that go with those advantages.

Relationships are more important simple monetary profits. The culture here is still very much based on the tribal ethos of respecting elders, doing your bit as part of a collective group of men, not letting the rest of the tribe down and being able to look a man in the eye, shake the hand and know that means something.

All virtues which have sadly been eroded from our own culture with the rise of greed, vanity, pride and selfishness.

[Sclox]

In the Middle East things are considerably more traditional. Dignity, respect and decency are still integral to society. in 8 yrs I've only seen 1 or 2 people screaming, shouting and arguing in public. Surprise, Surprise those people were drunk Europeans, Dutch & a English... doing us proud! So embarrassing!

They have a concept called 'Wasta' - it means 'Clout / Who you know'. Western media like to report it as Nepotism, a negative thing. When in fact, its the complete opposite. People who do a good job and show loyalty, respect and deliver on their word and promise are rewarded with more work, promotions, responsibility and all the benefits that go with those advantages.

Relationships are more important simple monetary profits. The culture here is still very much based on the tribal ethos of respecting elders, doing your bit as part of a collective group of men, not letting the rest of the tribe down and being able to look a man in the eye, shake the hand and know that means something.

All virtues which have sadly been eroded from our own culture with the rise of greed, vanity, pride and selfishness.

I agree, we have been conditioned to believe that the old "Nepotism" ways are evil, its how it used to be here and still goes on make no mistake, especially in some professions. It is not always negative but can be if the unwritten rules are not followed properly.

[Ragatino]

I agree, we have been conditioned to believe that the old "Nepotism" ways are evil, its how it used to be here and still goes on make no mistake, especially in some professions. It is not always negative but can be if the unwritten rules are not followed properly.

I run my own Systems integration company. When I'm crewing up for bigger projects I use the same group of contractors I've worked with my whole career. Most of the older lads are the guys who taught me the trade as I was coming up. People I've worked with in the past or people those people recommend.

When working on a $10m + projects I can't afford to take risks, so working with people I've worked with previously and know really well is just makes sense.

Working with people who all work in the same manner as I do, everyone knows their roles and work together well the pressure we can focus on delivering the project and managing the client. Why take the rest on unknowns how have to integrate to the group, could be a negative influence and cause issues with the client.

That's Wasta

[toptoon]

Nepotism in the public sector is repulsive. In a private company the owner can do whatever he wants (it’s his own money after all). In a public company, likewise, the shareholders demand profitability and won’t much care if there’s nepotism or not in the company if they’re getting it.
It’s one of the many reasons that nationalised industries should be privatised.

[Ragatino]

Nepotism in the public sector is repulsive. In a private company the owner can do whatever he wants (it’s his own money after all). In a public company, likewise, the shareholders demand profitability and won’t much care if there’s nepotism or not in the company if they’re getting it.
It’s one of the many reasons that nationalised industries should be privatised.

Aye public sector shocking!