Trump claims Sprint to return 5,000 outsourced jobs to US

The Washington Examiner ^ | December 28, 2016 | Gabby Morrongiello

[kevcol]

Weeks after meeting with Sprint Corp. Chairman Masayoshi Son, President-elect Trump announced Wednesday that the wireless phone company will soon move thousands of outsourced manufacturing jobs back to the United States.

"We have some very good news," the incoming Republican president told reporters outside his beachside resort in West Palm Beach, Fla., Wednesday afternoon. "Because of what's happening and the spirit and the hope, I was just called by the head people at Sprint and they're going to be bringing 5,000 jobs back to the U.S. They're taking them back from other countries."

[steve8714]

Should be different for CEOs who risk to start a company than for hired exec talent, often overvalued.

[CottonBall]

some fable having to do with a fox, i think

let me google it...

[CottonBall]

Æsop. (Sixth century B.C.) Fables.
The Harvard Classics. 1909–14.

The Fox and the Grapes

ONE hot summer’s day a Fox was strolling through an orchard till he came to a bunch of Grapes just ripening on a vine which had been trained over a lofty branch. “Just the things to quench my thirst,” quoth he. Drawing back a few paces, he took a run and a jump, and just missed the bunch. Turning round again with a One, Two, Three, he jumped up, but with no greater success. Again and again he tried after the tempting morsel, but at last had to give it up, and walked away with his nose in the air, saying: “I am sure they are sour.”
“IT IS EASY TO DESPISE WHAT YOU CANNOT GET.”

[dp0622]

cool

[gleeaikin]

I agree that creative innovators should reap their reward. Regarding who would make the change, here is an interesting fact. In 2008 Goldman Sacks stockholder outraged that the top 3 officers all received over $85million introduced a proposal that stockholders have an advisory role in setting executive compensation. Although the 43% vote did not win, it scared management enough so that next year the CEO only got $25M. I see that in 2015 that “reduction” holds.

http://www1.salary.com/GOLDMAN-SACHS-GROUP-INC-Executive-Salaries.html

I have also spoken to groups and explained that many had more potential influence on this issue than they knew. For example, universities, labor unions, and institutions invest in common stocks. If a specific group wants to change things they should lobby their institutional investor to not invest in or to divest from businesses that overpay their officers or outsource their jobs overseas. Or that they should offer stockholder proposals asking for stockholder advisories on executive compensation so as to lower overpaid salaries and cut management bloat. In one group of about 200 I asked how many owned common stock and about 15% raised their hands. Then I asked how many had attended a college or University or belonged to a labor union to also raise their hands. Then over 2/3rds of hands were raised. We have more power than we realize if we organize to exercise it.