French translation: Mais les compagnies doivent aller dans le sens du marché
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13:09 Jan 13, 2003
English to French translations [PRO] Bus/Financial
English term or phrase:sing to the stockmarket
Are the major oil companies currently downsizing?
The majors are merging and downsizing and outsourcing and not investing in new refineries because they know full well that production is set to decline and that the exploration opportunities are getting fewer and fewer. Who would drill in 10,000 feet of water if there were anywhere else easier left?
But the companies have to sing to the stockmarket, and merger hides the collapse of the weaker brethren. The staff is purged on merger, and the combined budget ends up much less than the sum of the previous components. Besides, a lot of the executives and bankers make a lot of money from the merger.