VENTURE capitalists in New York and London are pumping millions of dollars into Somalia's booming pirate sector.
The sharp-eyed investors say Indian Ocean piracy has replaced Bangladeshi t-shirt factories as the developing world's strongest source of high-growth revenue streams.
Julian Cook, head of strategy at Porter, Pinkney and Turner (PPT), said: "The margins are very impressive. These guys can board a Chinese freighter or Saudi oil tanker and turn it around in less than a week. Usually without killing anyone.
"The staff are well-trained and they operate a structured bonus system involving the daughters of nomadic tribal chiefs and as much hallucinogenic tree bark as they can eat.
VENTURE CAPITALISTS INVEST IN SOMALI PIRATES - The Daily Mash
Personnel issues are now dealt with via mentoring and third-party arbitration
Julian Cook, head of strategy at Porter, Pinkney and Turner (PPT), said: "The margins are very impressive. These guys can board a Chinese freighter or Saudi oil tanker and turn it around in less than a week. Usually without killing anyone.
"The staff are well-trained and they operate a structured bonus system involving the daughters of nomadic tribal chiefs and as much hallucinogenic tree bark as they can eat.
VENTURE CAPITALISTS INVEST IN SOMALI PIRATES - The Daily Mash
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