Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-16-Speech-2-107"
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"en.20031216.3.2-107"2
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In the past, companies were meant to last. Despite conflicts of interest, entrepreneurs and workers agreed that their companies would provide jobs for future generations. The entrepreneur who had founded the companies saw this as his life’s work. He believed in his product and in his contribution to progress for his town or region. For the workers, it was the place that provided them with a source of income and brought them and their colleagues together. More say in the business and a better income were the future. These days, companies are commodities. They are bought, closed down or plundered to release the capital for activities that yield more profits for the owners. Anonymous international forces are quick to call an end to all the old certainties. Legislation about takeovers can serve very different goals, one of which is to protect the employees and their permanent living environments, while another is to facilitate the trade in companies in order to yield maximum benefit for their shareholders. These two goals are not very compatible. This is why those who claim that the fact that a directive on takeover bids is being introduced is more important than its content are wrong. As in 2001, I am once again voting for everything that contributes to a directive of the former kind and against everything that leads to one of the latter."@en1
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