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The hitch: back in March 2002, he slapped three-year "safeguard" tariffs on many steel imports, officially to help the industry restructure, unofficially to pander for its votes.
In a note titled "Defcon 1" issued on Wednesday, McCarthy said: "If Asda decided to invest half its margin into price, a competitor reaction could wipe out almost all industry profitability and would force an industry restructure".
In McCarthy's note he suggests: "If Asda decided to invest half its margin into price, a competitor reaction could wipe out almost all industry profitability and would force an industry restructure".
It has been an important role in electric industry restructure due to the increasing attentions on environmental, economical, and social interests [1, 2, 3, 4].
Similar(54)
A case study for future industry restructuring?
This will hamper crucial bank industry restructuring".
Industry restructuring should be forced and corporate governance shaken up.
SVP seeks to create value through its substantial industry, restructuring and operating expertise.
But the industry minister, Ian Macfarlane, said the government would find money for industry restructuring.
There are no legitimate public policy grounds for interfering with a market-driven industry restructuring.
"We would expect this to kick off further industry restructuring," said Kinner Lakhani, a banking analyst at Citigroup in London.
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