The actual key is that Whirlpool is a subsidiary of United Technologies, a key defense contractor. UT wants to be in on the military buildup and the Don explained the facts of life to them. Presto, Carrier stays put.
Then why was the $7 mil incentive required?
They certainly are going to want to preserve a good tone with the new administration and be awarded a seat at the table when these regulations are drafted. I just doubt very much it is legal to punish companies on the basis of any factor that is not spelled out in the original contract. Of course Trump can say whatever he likes but following through would be a different matter.
“The actual key is that Whirlpool is a subsidiary of United Technologies, a key defense contractor.”
I’m sure that’s a part of it, but Trump can’t use that on most corporations. When Trump said Apple will be making iPads in the USA he was laughed at. We should all understand by now that when Trump says something like that, he has the ideas and policies to back it up.
He is developing a “new capitalism”...one that protects American jobs first and he can do it with a combination of his policies (full scale, full spectrum energy development, low regs, low taxes, favorable capital reinvestment rules...and yes a dose of public shaming) welded to the incredible gains in automation, just in time inventory, new materials, etc.
What in hell are you talking about???
Whirlpool is a public company as is UTX, with NO relationship to one another.