Originally Posted by
Pickuptruck
Village idiot strikes again.
Easy enough to see, same as any market contract. But doesn’t really matter, at the end of the day. Keep your tinfoil hat on and keep wasting your life with ridiculous conspiracy theories.....
If it is 'easy enough to see' please post details of the market contract and put the 'ridiculous conspiracy' to rest. I asked a senior manager at a fleet forum for details of who the hedge was taken with and if the other party was in any way associated with Swire. He refused to answer.
The $US4 billon loss on the hedge was either a clever way to move money out of CX to Swire without sharing it with other share holders or gross incompetence. Take your pick. And it does really matter. $US4 billon would go a long way keeping us employed! As would competent and moral senior managers.