Ernie S.
Diamond Member
That some American businesses find it far more profitable to offshore some of their operations is a direct and unfortunate result of the less-than-hospitable tax environment in which they find themselves here. It is the job of management to maximize profits and asset values, thus providing millions of Americans with a just reward for investing in their companies. It is the same reason so many peeps buy so much (foreign) product from Walmart. Better bang for their buck.
Very well put.
What these people choose not to understand is that a corporation has a fiduciary responsibility to maximize shareholder value, which is the very reason for the existence of a corporation anywhere on the planet. If the corporation breaches that fiduciary responsibility, shareholders can and will sue and will probably win.
This doesn't fit with their simplistic and naive view of the reason a business exists in the first place -- evidently they are convinced that a business exists to put food on its employees tables and pay taxes -- and trying to explain this to them will almost certainly be met with some kind of ignorant and/or emotional response.
But, well put, nonetheless.
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like Racist teaper!
