Something he has in common with Emerson's CEO.
No way. Emerson is a very good company that has been in the USA for 100 + years, paying taxes, employing people and on and on. I prefer their approach to GE and the drug companies sucking up to Obama.
Business exists to make money and they have to be competitive to do so. Without money they can pay no one, employees or shareholders alike. At least by making this move the shareholders still have a shot. Otherwise everyone, including workers who were vested lose.
What is Emerson’s suppose to do? Wait for a government bailout or roll up their sleeves and get it done?
The CEO said that 55% of their products are sold overseas, and the cost of manufacturing in the USA (because of government) is making their business lose money.
I don’t want to see them leave after 100 years, but the people voted and like they say, “elections have consequences”.
The people are voting out USA manufactured products. It’s just the way it is...