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Wikileaks and the business of business

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Rolls Royce had the contract sewn up prior to the Spanish PM's intervention, Wikileaks suggest

As the press continues to have a field day with the naked cables exposed on Wikileaks recently, the reality of the situation is far less explosive than the dailies want us to believe. After all, comments by senior US government officials that Russia is ‘corrupt’ and a ‘mafia state’ are hardly revelatory are they? Likewise, it’s no surprise that Iran obtaining nuclear weapons is seen as undesirable. Spying, lying, and power politics are what governments are all about. We’re not that lily-white are we?

So to it is with some ‘juicy’ business leaks that have surfaced along with all the political backstabbing. Besides the revelation that Chinese officials did hack Google earlier this year, causing the company to leave the country, it has also become apparent that the US stuck in their snoot in order to obtain a large contract from the Spanish government; a nice, classic bit of favor-pulling there. It seems, according to a BBC report, that Rolls Royce lost out on a major contract with the Spanish military, after Washington stepped in and effectively threatened to pull out General Electric’s operations in Spain, unless they received the contract worth $200 million for helicopter engines. Spanish Prime Minister, Jose Luis Zapatero, assured the US ambassador “to let him know if there was something important to the US government and he would take care of it”. And so it was that the contract danced from the intended hand of Rolls Royce to build the engines, into the palm of GE. Not surprised? Me either. It’s just another day in business, and considering the latest controversy over the faulty Airbus engines produced by Rolls Royce, the Spanish military is probably thankful right now the contract went to GE.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

 
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William R. Feins , freelance journalist from London, UK; he received his B.A. degree in Economics and his Masters in Sociology. William has always been interested in the mechanics of business and the inspiration of original thinkers, and firmly believes that the former can’t succeed without the latter. In his spare time, he enjoys the ridiculous spectacle of watching table tennis on a big screen (preferably at a pub) and reading weighty tomes about World War II.

2 COMMENTS

  1. Can I just say what a relief to find someone who completely knows what they’re talking about on the internet. You certainly know how to bring an issue to light and make it applicable. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

     

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