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To: Mick2000
This is such BS. Corporations outsource because shareholders demand to see its short term results in SEC filings.

CEO's and BoDs are held completely by the balls by short-term shareholders, and will be fired themselves if they don't do these popular outsourcing moves.

If congresscritters want to do something, try to restructure reporting requirements to focus investor atention on long-term corporate viability, and you will see less of these short-sighted moves.
50 posted on 07/29/2003 7:48:05 AM PDT by sam_paine (X .................................)
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To: sam_paine
If congresscritters want to do something, try eliminating the income tax code, and you will see less of these short-sighted moves.
92 posted on 07/29/2003 8:32:27 AM PDT by Principled
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To: sam_paine
Then why is it that since outsourcing has kicked into high gear, earnings have been flatter than before the outsourcing era in general and the only ones making out are the CEO's that see America down the creek with their big payoffs for their "brilliant" out of the box thinking. People above the CEO's on the food chain and below them take the shaft and they cash in.
216 posted on 07/30/2003 9:58:17 PM PDT by L`enn
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