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Old Feb 10, 2008, 12:46 pm   #136 (permalink) (top)
rmnunez
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Location: Mexico City
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Major multinationals like to have distinguished figures on their boards, but usually these are just some sort of celebrity endorsement, its not like she'd actually be doing something as a decision-making executive, certainly not on all those boards of directors, she couldn't, there are too many and some are in competition against each other.

The sanctions against Iran are notorious, I remember studying about some that involved Iranian banks and the obligation to respect letters of credit in international transactions. Banking and finance is something Muslims have ethical problems with because some believe Islam forbids earning profits from interest. The general effect has been of poorly managed Muslim government banks which tend to be more about social development than of commercial transactions. This whole outlook handicaps their performance in international markets. Its just like this idea they'll use Euros instead of dollars, a purely political decision that has nothing to do with profitability which ought to be the only consideration in banking and commerce.


Et semel emissum volat irrevocabile verbum.
Raúl M. Núñez Sheriff
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