[Hindu George]

All companies whether headquartered in the US or elsewhere have a fiduciary responsibility to their share holders to maximize their return on investment. Many times this dictates that companies have to look overseas for less expensive labor and material to accomplish this business objective in order to remain competitive. Most labor intensive industries will never return to the US not only because of high labor and material costs but losing control of their balance sheet to labor unions who are pricing their products out of their market place. The feds can work as hard as they want to control and criticize private sector companies profits however if they keep pursuing this course of action entire companies will leave the US for greener pastures. I have no clue why they have not left already in greater numbers given the vitriolic hatred of the capitalist system by the White House. Keep it up liberals and you will get redistribution of wealth right overseas along with their tax base — good luck when you can't find a good paying job except with the government - oh but no private sector so there will not need for federal gov’t/employees cause they will not have any private sector to manage (control) who use to provide the taxes to support our bloated underworkded/overcompensated public sector employees. Happy days are just around the corner for US’s emancipation from BIG BROTHER.

[Emperor Palpatine]

Like I said.

Patriotic Americans should divest themselves of stock in these companies.

[NeverForgetBataan]

“All companies whether headquartered in the US or elsewhere have a fiduciary responsibility to their share holders to maximize their return on investment. Many times this dictates that companies have to look overseas for less expensive labor and material to accomplish this business objective in order to remain competitive”
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While this is correct, it should also be said that American consumers accelerated the process themselves. When common
stock investing went mainstream crazy in the late 80s and 1990s the market began demanding not just annual performance, but QUARTERLY performance.

What’s the quickest way for a manufacturer to increase profit level and thus stock price??? You go to a cheap labor market!! So if you have money, in a 401K, that is invested in US manufacturers that off-shore.... YOU have contributed to this process.

If American consumers, who had incomes that were directly or indirectly related to manufacturing, understood this process they might have demanded that it stop twenty years ago. But they went right on shopping at that worlds largest retailer and slit their own throats.

Now the problems are really coming home to roost.