Bay Trading Company: Difference between revisions
Created page with "{{Infobox company | name = Bay Trading Company<br>''Malartikēlen Montá'' | logo = | image = Bay Trading Company Flag 7.png | image_caption = Company flag flown from merchan..." |
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===Early Days=== | ===Early Days=== | ||
===Colonial-Mercantile Period=== | ===Colonial-Mercantile Period=== | ||
====Kiro-Burgoignesc Wars==== | |||
Main article: [[Kiro-Burgoignesc Wars]] | |||
===Æonaran Period==== | ===Æonaran Period==== | ||
As part of the larger process of {{wp|capital flight}} from Great Kirav in the leadup to the establishment of [[Kiravian Union|single-party socialist rule]], BTC hurried to evacuate assets such as bank accounts, inventory, merchant vessels, proprietary information, and higher-level management personnel overseas, mostly to [[Caphiria]] and to Kiravian colonies expected to resist the socialist takeover. As expected, BTC was one of the first corporations to be nationalised by the Kiravian Union under the International Trade Socialisation Act. It was reorganised as the state-owned Import-Export Enterprise South, which assumed control of BTC's remaining assets and operations in Kirosocialist-held territory. Controlled by state appointees and acting on directives from the [[Economic & Social Soviet]], Import-Export Enterprise South functioned as an instrument of the Union government's economic goals, and was tasked with identifying, maintaining, and delivering to overseas markets for Kiravian products, growing the country's foreign currency reserves, and facilitating the purchase and transport of imported goods when needed to offset deficiencies in the KU's planned economy. | As part of the larger process of {{wp|capital flight}} from Great Kirav in the leadup to the establishment of [[Kiravian Union|single-party socialist rule]], BTC hurried to evacuate assets such as bank accounts, inventory, merchant vessels, proprietary information, and higher-level management personnel overseas, mostly to [[Caphiria]] and to Kiravian colonies expected to resist the socialist takeover. As expected, BTC was one of the first corporations to be nationalised by the Kiravian Union under the International Trade Socialisation Act. It was reorganised as the state-owned Import-Export Enterprise South, which assumed control of BTC's remaining assets and operations in Kirosocialist-held territory. Controlled by state appointees and acting on directives from the [[Economic & Social Soviet]], Import-Export Enterprise South functioned as an instrument of the Union government's economic goals, and was tasked with identifying, maintaining, and delivering to overseas markets for Kiravian products, growing the country's foreign currency reserves, and facilitating the purchase and transport of imported goods when needed to offset deficiencies in the KU's planned economy. | ||
Revision as of 21:43, 15 October 2022
 Company flag flown from merchant vessels | |
| Company type | Public |
|---|---|
| BTC | |
| Industry | Conglomerate |
| Predecessors |
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| Founded | 220 years ago? |
| Founder |
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| Headquarters | Company Hall, , |
Key people |
|
| Revenue |  $1.1 trillion (2030) |
| $112 billion | |
| Total assets | $4 trillion |
Number of employees | a lot |
| Divisions |
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| Subsidiaries |
|
The Bay Trading Company Group is a Kiravian diversified multinational trading concern headquartered in Primóra, Hanoram. Originally formed by a company of Primóra-based merchants to engage in the spice trade, the Bay Trading Company expanded into the dealing of a wide range of commodities between Kiravia, its colonies, and foreign ports across Audonia, Punth, Crona, Polynesia, and Sarpedon. The mercantile activities of the Bay Trading Company often went hand-in-hand with Kiravian overseas colonial expansion. Today the BTC Group is a massive conglomerate with numerous subsidiaries and affiliates active across such diverse sectors as wholesale and retail trade (including e-commerce), international shipping, food and beverages (particularly condiments), an extensive portfolio of consumer brands, several restaurant chains, and finance.
As the Kirosocialist Party surged in the polls and the spectre of a socialist government loomed during the [DECADE], BTC executives fully expected their company to be a key target of socialist redistributive plans and prepared by leveraging their connexions through Kiravian business communities in countries like Caphiria and [Arab country here] to move company assets into safe hands. When the Socialist Party did come to power, BTC was marked for nationalisation as expected, prompting much of they company's key personnel to relocate to Portmór, Æonara under the protection of the Federalist government-in-exile there.
Bay Trading Company has a bitter historical rivalry with Kerēgulan Merchants of the Tropics, which was its leading competitor in the south-hemispheric commodities trade. Even today, the companies continue to compete vigorously in certain sectors (such as food, consumer brands, and global logistics), though the rivalry has lost intensity over time as both companies have diversified into different industries where they do not come into direct competition with one another.
For most of Kiravian capitalist history, BTC was the largest private Kiravian company based outside of Valēka, though it lost this status after Kirosocialism. It has long been an important pillar of the Primóra municipal economy, as the city's largest private for-profit employer and a major contributor to charitable initiatives and public-private partnerships in the Primóra metropolitan area. The state of Hanoram has been accused of giving preferential treatment to the group and its subsidiaries, including numerous sweetheart deals and tax loopholes.
History
Early Days
Colonial-Mercantile Period
Kiro-Burgoignesc Wars
Main article: Kiro-Burgoignesc Wars
Æonaran Period=
As part of the larger process of capital flight from Great Kirav in the leadup to the establishment of single-party socialist rule, BTC hurried to evacuate assets such as bank accounts, inventory, merchant vessels, proprietary information, and higher-level management personnel overseas, mostly to Caphiria and to Kiravian colonies expected to resist the socialist takeover. As expected, BTC was one of the first corporations to be nationalised by the Kiravian Union under the International Trade Socialisation Act. It was reorganised as the state-owned Import-Export Enterprise South, which assumed control of BTC's remaining assets and operations in Kirosocialist-held territory. Controlled by state appointees and acting on directives from the Economic & Social Soviet, Import-Export Enterprise South functioned as an instrument of the Union government's economic goals, and was tasked with identifying, maintaining, and delivering to overseas markets for Kiravian products, growing the country's foreign currency reserves, and facilitating the purchase and transport of imported goods when needed to offset deficiencies in the KU's planned economy.
In Æonara, BTC continued to operate under
Reprivatisation
foreign capital consoomer brands food imports
Organisational Structure
The modern Bay Trading Company Group is a group of horizontally integrated corporations (a flat concern) of legally distinct corporations linked by a common apex management group, cross-shareholding, supply relationships, and a common strategy and branding. The Group comprises X "principals" - major corporations that hold shares in one another and participate directly in the Group's collective management - and the multiple nested tiers of subsidiaries owned by the principal corporations.
| Name | Industry | Type | HQ |
|---|---|---|---|
| Míhanska Bay Mercantile Corporation | General trading company | Principal | Primóra |
| Bay Herbs & Spices Company | Spice trade; Mass-market herbs, spices, seasonings, and condiments | Principal | Suburban Primóra |
| Bay Capital | Merchant banking, venture capital | Principal | Primóra |
| Míhanska Bay Marine Insurance Corporation | Finance, Marine insurance | Principal | Primóra |
| Bay Orchards Fruit Company | Fruit wholesale trading and shipping | Principal | West Sirana |
| Bay Properties SAK | Real estate | Principal | Suburban Primóra |
| Gold Bay | Nationwide chain of fish-and-chip shops | Principal | Kallumsar |
| Bay Mercantile Corporation of Sarpedon | Financial and apex commercial entity in Sarpedon | Overseas subsidiary | [Heku City] |
| Bay Mercantile Corporation of Audonia | Financial and apex commercial entity in Audonia | Overseas subsidiary | Al-Tawalhīd |
| Bay Mercantile Corporation of Polynesia | Financial and apex commercial entity in Polynesia | Overseas subsidiary | Sarolasdra |
| Tidewater Maritime Security Systems SAK | Private navy | Subsidiary of MBMIC | Telmar |
| Máscafé SAK | Coffee and coffee products. | Subsidiary of BHSC | Sar-i-Pául |
| SAK BayPalm | Palm oil and palm oil products | Subsidiary of MBMC | Æonara City |
| Bay Intellectual Property Management SAK | Intellectual property holding company | Principal | Primóra |
| Irrefusable Offers International SAK | Government relations, lobbying, private military contracting, corporate imperialism. | Intentionally vague | Sar-i-Pául |
| eBay | E-commerce | Subsidiary of MBMC and Bay Capital | Śadover, HRM |
| BTC World Financial Group | Finance | Subsidiary of MBMIC | Hāverma |
| BTC Sales Levantia | Branded merchandising and retail; tax avoidance. | Overseas subsidiary | [Some Fanerian city] |
| Baylands Canning Works SAK | Canning | Subsidiary of BOFC | Grástanver, HRM |
| Æonara Press Derivatives Company | Oilcake, livestock fodder, and other fruit-processing byproducts | Subsidiary of BOFC | Laśerna, South Æonara |
Civic and Political Activity
Bay Trading Company wields significant political and social influence, both directly and through a network of associated non-profit entities. It engages extensively in philanthropic endeadvours, investments in social enterprises, and political lobbying.
BTC has long enjoyed a close relationship with the state governments of Hanoram and Èusa and the municipal government of Primóra, as well as other local governments in the Primóra area. These relationships were openly acknowledged for much of history, but in contemporary times have attracted criticism from antitrust and anticorruption advocates who view them as improper. At certain points in history, BTC revenue has accounted for up to a fifth of Hanoram's gross state product (though in the post-liberalisation era this figure has been in the area of 8-11% and declining as the state's economy diversifies).
BTC is a major donor to the Society for Capitalist Preservation and was closely involved in its foundation in the aftermath of Kirosocialism. It also provides financial support to the Kiro-Hekuvian Party and other groups that promote strong ties between Kiravia and Caphiria, on account of its significant business interests there.
Criticism
In addition to allegations of corruption and regulatory violations, BTC and its numerous subsidaries and affiliates have been criticised for practicing corporate imperialism by way of its influence in many underdeveloped Cronan, Alsharine, and Audonian countries where most of its agricultural products are sourced from, and the environmental impact of many of its activities, particularly plantation monocultures and the palm oil trade. The BTC Group rejects such accusations, noting that it has an effusively worded Environmental Sustainability Pledge on many of its websites and is a major donor to the Míhanska Bay Reclamation Fund and other environmental charities.