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Old Today, 10:14 AM
 
1,512 posts, read 294,334 times
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Funny..I can't find this list of CEO's that signed this new pledge.
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Old Today, 10:19 AM
 
21,149 posts, read 16,899,309 times
Reputation: 39540
Quote:
Originally Posted by stburr91 View Post
This is laughable.

Our problem in this country has been that some many companies have moved their operations, and investments overseas, abandoning the communities, and people that depend on them.

Thank goodness we have President Trump working so hard to reverse these policies, and renegotiate trade deals.
Don’t you realize all his stuff is made overseas? All his daughters factories are overseas? He isn’t reversing anything g he’s making corporate America’s dreams come true and has since day one. He does photo ops at Carrier “Look at all the jobs I saved” but it’s all BS they moved and eliminated the jobs anyway. Ivanka moved her shoe factories from China to Nigeria cause Chinese wages rose. If he really cared about this, wouldn’t the first and easiest thing to do be announcing he’s bringing his tie factory from China to Iowa?

You can fool some of the people....

Last edited by ocnjgirl; Today at 11:12 AM..
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Old Today, 10:19 AM
 
Location: Howard County, Maryland
5,807 posts, read 3,725,483 times
Reputation: 16916
Quote:
Originally Posted by chopchop0 View Post
"While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders," said the statement, which signed by 181 CEOs. "We commit to deliver value to all of them, for the future success of our companies, our communities and our country."
"Furthermore, we are firmly committed to the proposition that puppies are cute, rainbows are pretty (especially when they adorn LBGT flags), mothers are wonderful (in a patriarchy-smashing sort of way), and 2 + 2 = a white heteronormative view of the world that denies and oppresses the experiences of non-binaries and people of color."

As long as their bonuses aren't affected, we can expect further mindless blather from this set. Meanwhile, behind the scenes, the companies will continue to exist for the primary purpose of maximizing shareholder utility, just as they always have.
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Old Today, 10:22 AM
 
1,512 posts, read 294,334 times
Reputation: 1781
Quote:
Originally Posted by ocnjgirl View Post
Do t you realize all his stuff is made overseas? All his daughters factories are overseas? He isn’t reversing anything g he’s making corporate America’s dreams come true and has since day one. He does photo ops at Carrier “Look at all the jobs I saved” but it’s all BS they moved and eliminated the jobs anyway. I Anna moved her shoe factories from China to Nigeria cause Chinese wages rose.

You can fool some of the people....
Stuff started moving overseas decades ago.
They couldn't bring them back even if they wanted.
Labor costs are so high here that only the rich would be able to afford "Made in the US" everything.
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Old Today, 10:26 AM
 
814 posts, read 212,691 times
Reputation: 1235
Quote:
Originally Posted by stburr91 View Post
This is laughable.

Our problem in this country has been that some many companies have moved their operations, and investments overseas, abandoning the communities, and people that depend on them.

Thank goodness we have President Trump working so hard to reverse these policies, and renegotiate trade deals.
You mean his chest pounding is convincing? His surface scratching efforts are as laughable as any presidents.
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Old Today, 10:37 AM
 
Location: Midwest
31,769 posts, read 19,822,353 times
Reputation: 8018
CEOs literally rape companies by artificially increasing the value of stock through buy backs and then selling their personally held stocks when the stocks are valued high. Then the CEO retires with a golden parachute. No incentive to do anything with the company except enrich themselves.

Watch all those companies that used trump's tax cut to buy back their own stocks!
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Old Today, 10:42 AM
 
21,149 posts, read 16,899,309 times
Reputation: 39540
Quote:
Originally Posted by TMSRetired View Post
Stuff started moving overseas decades ago.
They couldn't bring them back even if they wanted.
Labor costs are so high here that only the rich would be able to afford "Made in the US" everything.
This (the cost) has been my point on other threads about globalization. We had a choice. When Walmart’s starting spreading and putting small business people out of business, when they forced Rubbermaid to close their Massachusetts factory and move it to China, we had a choice. We could have foregone the $8 fan at Walmart and paid $12 for it at Jimmy’s Hardware that opened in 1957..,but we wanted everything to be as cheap as possible. We wanted a $290 tv not a $400 one. So companies did what they had to based on what WE showed them, if you want our money you better come in with the lowest price. So they accomplished that by moving to China.

Now the same people who were mocking and deriding the “lefties” who protested when new Walmarts wanted to open in a town, the very people who defended them as good for America, now absolve themselves from responsibility for encouraging it in the first place and then hand the country to a con man to “save” us from big bad China who we gladly laid the welcome mat out for 20 years ago.

If a tv factory opened up tomorrow in Tennessee and the tv was $100 more than the Chinese made one in Walmart, 99 of 100 will buy the cheaper one despite the patriotic lip service. The factory in Tennessee will close within a month. The entire trade policy might as well say “We need Trump to make Chinese goods more expensive because left to our own devices we will keep buying them over American products”. It’s like hoping Nabisco triples the cost of Chips Ahoy so we aren’t as tempted to buy unhealthy food. You could be choosing healthy food now, you just don’t want to.

Last edited by ocnjgirl; Today at 11:42 AM..
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Old Today, 10:56 AM
 
Location: Barrington
46,816 posts, read 34,436,076 times
Reputation: 15551
Quote:
Originally Posted by StrawberrySoup View Post
Jamie Dixon, speaking out for the common man.

That is absolutely priceless.

As Emperor, I can think of a few public policy initiatives that JPMorgan wouldn't be too thrilled with.

As a side note, I think it's a crying shame that tax law (double taxing of dividends, low capital gains rates) has encouraged the stock market to fixate on the wrong things. The laws of unintended consequences at work.
You mean Jamie Dimon?

Stock market focus?

Only reason people invest is with the intention of earning a good return.
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Old Today, 10:58 AM
 
1,512 posts, read 294,334 times
Reputation: 1781
Quote:
Originally Posted by jojajn View Post
CEOs literally rape companies by artificially increasing the value of stock through buy backs and then selling their personally held stocks when the stocks are valued high. Then the CEO retires with a golden parachute. No incentive to do anything with the company except enrich themselves.

Watch all those companies that used trump's tax cut to buy back their own stocks!
The CEO can't decide on company stock buybacks. They don't have that kind of power..lol
Do you even know how that process works ?
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Old Today, 11:07 AM
 
Location: Midwest
31,769 posts, read 19,822,353 times
Reputation: 8018
Quote:
Originally Posted by TMSRetired View Post
The CEO can't decide on company stock buybacks. They don't have that kind of power..lol
Do you even know how that process works ?
The compensation of CEOs are almost always tied to the price of the stock shares.


https://www.youtube.com/watch?v=6uLJrJVT9P4
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