Posted on 12/28/2016 2:56:56 PM PST by kevcol
Weeks after meeting with Sprint Corp. Chairman Masayoshi Son, President-elect Trump announced Wednesday that the wireless phone company will soon move thousands of outsourced manufacturing jobs back to the United States.
"We have some very good news," the incoming Republican president told reporters outside his beachside resort in West Palm Beach, Fla., Wednesday afternoon. "Because of what's happening and the spirit and the hope, I was just called by the head people at Sprint and they're going to be bringing 5,000 jobs back to the U.S. They're taking them back from other countries."
(Excerpt) Read more at washingtonexaminer.com ...
and the WIN is accelerating...
In other news....Schadenfreude also seems to be expanding out of control
This all causes the Sun's magnetic field to decline....
If this continues we going to have a serious ice age by the end of Trump's second term.
Maybe Sprint is shifting some jobs back from Ericsson?
Yeah, plus a paycheck gets spent in America.
-Weeks after meeting with Sprint Corp. Chairman Masayoshi Son, President-elect Trump announced Wednesday that the wireless phone company will soon move thousands of outsourced manufacturing jobs back to the United States.
Sprint doesn’t manufacture anything. -
These are probably cell phone assembly jobs. When you buy the box with a cell phone in it and all the other trinkets that is usually done in the U.S.
“Claims”? Trump is working and adding as opposed to Zero’s adding shovel ready jobs.
Absolutely, plus I’m not so sure sprint doesn’t manufacture anything. They are a phone company.
Just because someone makes a statement here doesn’t mean it’s got to be true.
Especially someone who doesnt sound thrilled that Trump won.
“The company has enough trouble making money.” Just looked up Sprint executive compensation:
http://insiders.morningstar.com/trading/executive-compensation.action?t=S
This past year the top seven Sprint executives received a total of $76million. The President/CEO was paid just under $27M. The lowest pay of the 7 was just under $4M. Now suppose we were to think that back in the 1960s things were pretty good for the middle class and the average multiplier for top CEO’s was 40 times, how does this look today? The popular cry today is for $15/hr minimum wage. That figure times 40 is $1,248,000. So let’s say we cut back the executive compensation for Sprint to $10M total. So all the top 7 could be paid $1M or more, and there would be $66M to divide among 5,000 rehired US employees. That would free up $13,200 additional to support the 5,000. Just think how much more you would get if all the Spring employees earning a million or more had their salaries cut back proportionately.
The Sprint top exec pay scales are comparable for many big companies. It should be clear from this examination that huge overpayment of a very small percentage of employees means they either have to 1) go to cheap labor countries, 2) severely underpay their low level employees, or 3) severely disappoint their stockholders. If you guessed anything other than 1), then you have not been paying attention.
There has been a huge increase in the ratio between top pay and low level pay over the past 30 years. Should we try to change this?
See my Comment #29, on the why of job outsourcing, and the how of fixing it.
Perhaps the major problem is that the shareholders are weak and that executives more or less have hijacked the companies.
Taxpayer cost and number of years of the cost please. Lots of CEO Christmas gifting. Carrier is using part of our taxpayer money for automation... jobs created or saved.. this sounds like Obama part three.. then a trillion dollar stimulus.. ivankas taxpayers money for kids. Lots and lots of spending and gifting using the taxpayer wallet.. you know the empty one. Chat Ching for ceos.. lol for taxpayers.
“Just because someone makes a statement here doesn’t mean it’s got to be true.
Especially someone who doesnt sound thrilled that Trump won.”
Yes, there are several Trump-haters who bashed him repeatedly throughout the primary and general, who now nitpick every Trump article.
Ignore them. Just sour grapes!
Change it by government intervention? Absolutely not. It does need to change, I agree, but not by more Big Government telling the private sector what to do (fascism).
OneWeb plans to use the funds to build a plant in Florida to produce low-cost satellites, creating almost 3,000 jobs at the company and its suppliers.
Last time I checked Florida was in the USA.
It is going to be a lot easier to bring US companies back to the US that have off shored
A lot of foreign adventures for US companies have been less than successful so a lot of execs who made the decision tonleave the auS would love to have a face saving “Trump made me do it” excuse to reverse their previous bad decision
Especially if trump is able to reverse the disastrous negative impact Obama rules and regs have had on the US and improve the business climate, especially for smaller companies that have been devastated by Obama era policies.
I haven’t had grapes in a while :)
I wonder where that phrase came from.
How are you! :)
Finally? You mean the person I will be speaking to when there is a problem, will be speaking English as we understand it?
In other news, Sears and K Mart are closing more stores. (Soon to be, if not already, Trumps Fault!)
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