Sunday, April 17, 2005

The Mideast Hospital in Clifton has been sold to Mr. AKD. He shall tear it down and build a shopping centre in its place. Doctors have been served notice and have until the 15th of May to clear out. Just what this city needs - another mall! Mr. Dedhi, thank you!

Meanwhile, Exxon Mobil has a huge problem to deal with.

The soon-to-retire CEO suddenly has a new anxiety: how to spend the windfall wrought by $55-a-barrel oil. By the end of April, Exxon will have a cash hoard of more than $25 billion.

Lee Raymond doesn't like splurging on one-time dividends and he isn't fond of mega acquisitions. So, the poor sods can't figure out how to spend all that money and are getting headaches.

Posted by BeanZ | Permalink: 12:40 PM |