Spain

Andrew Hill

Spanish Crown Prince Felipe Photo: Reuters

A couple of royal handovers and a papal resignation and suddenly abdication – which used to have a near uniformly negative connotation – is all the rage. 

Andrew Hill

If mergers of equals are risky and hostile takeovers riskier, where does expropriation rank on the scale of management disruption?

Pretty high, I would guess. So, a day after Argentinian government officials walked into YPF’s headquarters with a list of senior Spanish executives they wanted to expel and an order to renationalise most of Repsol’s majority stake, I feel for the oil company’s staff.