Useful idiot
2009-04-24
Jiří Čunek, failed politician and laughingstock, has finally found
his calling. He makes a great "useful idiot." By attacking ČEZ and
saying that its managers should be sacked if they don't see to it
that electricity rates are regulated and a 100% dividend is paid,
he's being dismissed as a kook. But he's also paving the way for
others with better survival sense to broach a subject that until
now has been taboo. Finance Minister Miroslav Kalousek bit the
hand that feeds him when he said in LN yesterday that the share
price at ČEZ can be influenced more by "political decisions than
managerial abilities." CEO Martin Roman, patron of the political
arts, has built his wannabe Jack Welch image around his ability
to create shareholder value. In one sentence, Kalousek dispelled
the myth. If Kalousek - who acts in lockstep with Mirek
Topolánek - is washing his hands of Roman, it is one of the
biggest political and business events in the country in recent
years. ČEZ's annual meeting on May 13 could prove to be quite
suspenseful.
[Czech Repubic General Electric GE Lidové noviny KDU-ČSL]
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