The Mudcat Café TM
Thread #59339   Message #947225
Posted By: DougR
06-May-03 - 04:22 PM
Thread Name: BS: How the US will finally lose its power?
Subject: RE: BS: How the US will finally lose its power?
L. H.: there you go again (borrowing the words of a former GREAT president of the United States)!

You talk as though the corporations that are taking the jobs overseas are fully owned by all those crooked executives running the company. Not so! They are owned by stockholders, and as I reminded folks in another thread, all stockholders are not conservatives. Actually, it is conceivable that some of the largest shareholders in the corporations you bitch about could be union trust funds! I don't know that for a fact, but it is certainly possible.

The shareholders expect results, and if taking the labor cost to other countries is the most cost effective way of showing a profit, the executives are going to do it, and you won't find many shareholders up in arms because of it.

DougR