Hmmmm...just speculating but, what would happen if BlackRock took their 4.5 trillion and put it into Treasury notes?
North of Houston is Tomball, Texas. Baker-Hughes has a big presence there. There is land next to their campus that was to be developed into some kind of high tech business park to the tune of $50 million. It’s now on hold.
I wonder what Exxon’s plans are now. They built a huge complex just north of Houston. It’s so large it got its own freeway entrance and off ramp.
They stopped?
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Now, there’s the answer. Layoff the workers who do the actual work. How about some of these overpaid blowhards take a pay cut when times get tough? Pretty soon there is not going to be enough workers to keep the company afloat and then it will really go belly up. As much as it hurts me to say this, but executive salaries are totally out of control. Companies these days are trying to out-do each other in pay packages for managers who are, for the most part, worthless.
I do not often get impressed, but when I do get impressed it’s by the number $4.5 trillion.
Robots are the future of all labor.
Black Rock helps fund J Street