Category Archives: Spain

The Secret Life of Spain’s King Juan Carlos

If you believe the Washington Post (and why wouldn’t you?), the man pictured below is Jay L. Johnson, CEO of General Dynamics, the sixth-highest compensated executive in the Washington, D.C. area, whose annual pay totaled $16 million last year:

General Dynamics CEO Jay L. Johnson, according to the Washington Post

That’s a screen shot of the sixth slide of the slideshow featured at this link.

You know, I swear I know that guy from somewhere else…oh wait, I remember now… Continue reading

We knew Argentina would nationalize Repsol YPF and screw Spain, didn’t we?

I hate to say “I told you so”, but…I told you so. Twice, actually. Sorry, make that three times.

And I wasn’t the only one either. BMI told you so too. So did Euromoney. So did an unnamed arbitration lawyer to beyondbrics:

I think foreign investors should be very cautious in their dealings with the provinces at this time and expect that every underperforming asset can and will be taken away from them in the short term.
Continue reading