Note
Some thoughts on international business...
I am not an international businessman of the stature of some I know, but I have been around. I think it is the case that even the most successful conglomerates, raking in money hand over fist, may at times seek to make acquisitions or enter ventures that ex ante, make sense.
But, as the venture goes on, it proves to be bewildering difficult to make profitable, despite the best efforts of our firm's superstar CEO. At times like these, even if the venture must be sold at a fire sale price, you need to do it. It is not worth dragging down the rest of the business and besmirching your otherwise stellar reputation.