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Thread: Cully & Sully sold to US buyer - A Good or a Bad thing?

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    Politics.ie Member Spanner Island's Avatar
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    Default Cully & Sully sold to US buyer - A Good or a Bad thing?

    Cully & Sully has been sold to a US buyer...

    Cully & Sully sold to US buyer - The Irish Times - Fri, May 04, 2012

    Well done and good luck to them - but do you think this is a good or a bad thing?

    There are plenty of benefits stated in the link but all I see is another successful indigenous company hoovered up by another foreign/multinational which may well see employment maintained and possibly even grow here, but will also mean profits being repatriated elsewhere.

    Does this country have a future if successful indigenous companies are constantly taken over by major multinationals?

    I don't think it does and I'd like to see any state investment in any company given in return for equity so that at least when these sell offs happen the state benefits.

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    Politics.ie Member slippy wicket's Avatar
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    Fair fecks to them I say. As long as they keep making that yummy mushroom soup I dont care one way or the other.
    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. Sir Winston Churchill

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    bad

    another sell out

    typical Irish stunt, same as Cooley

    I will buy their stuff no more

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    Politics.ie Member nonpartyboy's Avatar
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    Quote Originally Posted by Phil Maker View Post
    bad

    another sell out

    typical Irish stunt, same as Cooley

    I will buy their stuff no more
    Seems to be the way with irish companies alright, get them up and running then try to hive them off to some multinational and cash in.

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    Politics.ie Member Analyzer's Avatar
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    You might have left out the important bit....

    Quote Originally Posted by nonpartyboy View Post
    Seems to be the way with irish companies alright, get them up and running
    BY MEANS OF GRANT AID FROM THE TAXPAYER
    then try to hive them off to some multinational and cash in.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Quote Originally Posted by Analyzer View Post
    You might have left out the important bit....


    BY MEANS OF GRANT AID FROM THE TAXPAYER
    + fawning of the compliant Irish Media

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    Obviously the advantages are increased investment and through that access to more markets. Why we can't identify and support these indigenous companies is the real question. The state agencies should be doing everything they can to ensure that companies such as this can get the investment they need so they don't feel they have to sell out to multinationals

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    Politics.ie Member Analyzer's Avatar
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    This is bad news folks.

    Meehaul mentioned "cully and sully" in one of his TV debates with Inda and Gimmemore.

    He will not be able to do it again. He was grasping at straws. Now, he won't even have straws to grasp anymore....

    Who will he use next ?
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

  9. #9
    Gimpanzee
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    WTF is with the criticism and moralising? The boys done good, set up a company and have sold it on. End of story.

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    How much did Enterprise Ireland spend grooming and presenting these guys?

    http://www.agservicesgroup.com/RoleM...Colum_Case.pdf

    How much did that 1 document cost?

    Its a bit like how the Central Bank green lighted Anglo

    EI green lighted, marketed and spot lighted these guys.

    What pay back for the tax payer?

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