Simcountry
Forum Little Upsilon Privatizing (Little Upsilon)

Privatizing (Little Upsilon)

J
Joseph Marzullo (Little Upsilon)

All worlds
04 Dec 2008 15:39Link
Is there anyway to privatize a public corporation?
O
Orbiter (Little Upsilon)

All worlds
04 Dec 2008 16:43Link
you can nationalize it, but i highly suggest that unless you already own the company, don't do it. some corp owners don't take kindly to their corporations being taken from them.
J
Joseph Marzullo (Little Upsilon)

All worlds
04 Dec 2008 16:45Link
no. I'm talking about taking a nationalized corp and privatizing it.
O
Orbiter (Little Upsilon)

All worlds
04 Dec 2008 16:54Link
aww, your mixing up terms, but no biggy...

Privately Held Corporations, are corporations owned by Enterprises, to make an existing corp private, it has to be sold to a CEO, by getting an enterprise to bid on it

Tomake a state or national corp an "Enterprise Controlled Public Corporations," requires the use of IPO's to sell the magority of the shares to a CEO.

Also, could you use the help forum for these questions?
J
Joseph Marzullo (Little Upsilon)

All worlds
04 Dec 2008 16:57Link
Techncally no corporation is really private. look at the definition

corporation: a business firm whose articles of incorporation have been approved in some state

well, thanks.
A
Angus88 (Little Upsilon)

All worlds
05 Dec 2008 00:35Link
Corporation (n): An ingenious device for obtaining individual profit without individual responsibility.