Private water and wild-eyed taxi drivers
- From: Vol 4, Issue 5 (May 2003)
- Category: Analysis
- Region: Unspecified
- Country: United States
- Related Companies: Berlinwasser, RWE and Veolia
The outlook for minority shareholders in state-controlled water companies may not be as bad as it seems.
A private shareholder in a part-privatised state water company must feel a bit like a taxi passenger who gradually realises that the driver has a tendency to hallucinate. As the driving becomes more erratic, the passenger can only hope that a mutual interest in self-preservation will ensure that the car arrives at its destination in one piece.
The most common ...
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