The company its board of directors and management ought to feel out of their own will some responsibility to the community, and to the country that provides it with a favorite business climate. Here’s what happened: the company moved its headquarters to the sticks, where none of the commuting employees live, and the company donated $10,000 to the local school where none of the employees’ children attend. A nice tax write-off. Then, as the profits grew, even during the last recession, the company started to export jobs to India, something that wasn’t possible 10-20 years ago, and byt some miracle trhge company had survived.
Do you know why SAFEWAY, established decades ago, called itself that? Because it recognized its responsibility to the community and to its employees. That ended in the 1980s, and the WSJ had a series of articles describing how tragically it ended to many of the company’s employees, who thought and had been promised employment for life.
I didn’t once mention the government, you thought you read my thoughts (congratulations!) and you did!
P.S. You can repeat the standard cliche of companies having responsibility ONLYto the shareholders, but we’ve heard it and all the other excuses all before. Most of the shareholders are Wall Street sharks in and out of the stock in minutes and seconds. The coupon clipping old ladies hold stock in GE and in their local utility.
We've also hired more than 15 US based employees n the last year. Businesses, in ryder to be successful will ALWAYS try and find the lowest cost of production. The US is that for intellectual production....where new things need to be created and domain related problem solving. The rest of the world is low cost for everything else. And yes, it is ALL about our shareholders.....not a single one a "wall street shark.". Don't fall into the traps of blaming others for your misery.