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To: sgtbono2002
I have a lot of problems feeling any sympathy for US companies who have their technology stolen by China after they have moved their plants there. I say its poetic justice and to bring back the jobs to the US.

American CEOs send US technology and trade secrets to China. Short term, they get cheaper suppliers, thus boosting profits (and CEO stock option value). Long term, the Chinese steal the trade secrets and the company suffers

But, guess what? CEO's, on average, are with a company for less than 5 years before moving on. By the time the bad stuff happens, they've already pocketed their money and are elsewhere, or retired

The China gambit is a scheme by CEOs to loot their own companies, and America's future

14 posted on 09/18/2004 7:46:49 AM PDT by SauronOfMordor (That which does not kill me had better be able to run away damn fast.)
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To: SauronOfMordor
American CEOs send US technology and trade secrets to China. Short term, they get cheaper suppliers, thus boosting profits (and CEO stock option value). Long term, the Chinese steal the trade secrets and the company suffers

They are also sending research and development.

20 posted on 09/18/2004 9:39:14 AM PDT by snowsislander
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