China Mobile is of the largest companies in the world, which is why I had it in my list of Global 30 companies I am watching. I don't want to "discriminate" against non-US companies, especially those who have taken the time and energy to get listed on the NYSE. However, there are some things about the company I am not comfortable with.
"The Company's majority shareholder is China Mobile (Hong Kong) Group Limited ("CMHK (Group)"), which, as of 31 December 2012, indirectly held an equity interest of approximately 74.08% in the Company through a whollyowned subsidiary, China Mobile Hong Kong (BVI) Limited ("CMHK (BVI)"). The remaining equity interest of approximately 25.92% of the Company was held by public investors. ... Section 303A.01 of the NYSE Listed Company Manual provides that listed companies must have a majority of independent directors. As a listed company in Hong Kong, the Company is subject to the requirement under the Hong Kong Listing Rules that at least one-third of its board be independent non-executive directors as determined under the Hong Kong Listing Rules. The Company has 3 independent non-executive directors out of a total of 9 directors. The Hong Kong Listing Rules set forth standards for establishing independence, which differ from those set forth in the NYSE Listed Company Manual."
http://www.chinamobileltd.com/en/about/cg.php
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So, who to replace it with? I like the number 30, and there are 30 companies in the DJIA. I'm going with Comcast (CMCSA), which is another bubblicious stock like Facebook.
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