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The education of China's oil company
2013-10-06 19:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Yang Hua was a rising star at Chinese oil giant CNOOC Ltd back in 2005. Then, the 44-year-old chief financial officer participated in one of corporate China's biggest belly flops ever. Yang helped CNOOC, the publicly listed arm of state-owned China National Offshore Oil Corp, craft an $18.5 billion bid for Unocal Corp of Los Angeles. It turned into a debacle. Political opposition exploded in Washington, where the company had done little preparation. At home in Beijing, some board members revolted...
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Category:Electronics and Electrical