I think the risky decisions were taken long before WGO was taken out imho.
I think it all goes back to the belief by some that "the Scot's" would be a roll over and STX would pick them up long ago.
STX didn't expect WGO to do the RTO of Petrel, get a gas contract with Alcoa or a sale to Hancock. Even the WGO chairman wanted to merge with STX.
imho STX always thought they would get WGO at some point therefore ALL the other "risky decisions" were taken with the belief WGO would be theirs.
Classic David v Goliath
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