Mr. Goodish's astonishment at this sale is very surprising ("Murky VSŽ share sale goes ahead", By Tom Nicholson, Vol. 8 No.6, February 18-24).
Perhaps the government should look into the accountant that valued the VSŽ buyout for US Steel and valued it at only $320 million when its true book value was considerably higher.
With an auditor under investigation for the Enron affair, perhaps it would be wise of Mr Dzurinda and co. to scrutinise the activities of auditors in Slovakia.
Perhaps Mr Goodish would also be wise to remember that US Steel set up a company in the Dutch Antilles to stop people scrutinising its business, now there is transparency for you.
Mr Goodish and his fellow compatriots cannot always have their cake and eat it.
25. Feb 2002 at 0:00