State should back off, Hydro boss says

Norsk Hydro’s incoming director general, Eivind Reitan, called on the government to reduce state ownership in Norwegian industry. "The state is not suited to being a major industrial owner, and in the decades ahead it will become even less suited to the task," said Mr. Reitan. The state owns 44 percent of the shares in Norsk Hydro, a petroleum, chemicals and metals conglomerate.