Pete, he talks a good line but there isn't anything he can do to stop that legally.
Greg, certainly not. But if the company can't cut cost enough to compete in the market place then they are forced to close their doors. I just mentioned that as an option.
Someone mentioned cutting the pay for the board. You could do that and with the cost of labor they still wouldn't be able to compete. Now who do you want tossing a football for your favorite pro team? That multi million a year quarterback or just some guy making way less money? Same thing holds true with COE's and board members. You want someone running a company that you have invested in that isn't very good at what they are doing? Or do you want the best so you actually get a return on your investment?
Look at it this way. If Carrier's CEO is making 10 million a year and they get him to work for free applying that savings toward reducing the cost of their products. And to keep it simple lets say they sell 100K items a year. They can reduce the price of each unit 100 bucks. Now lets say the average worker is making 20 an hour. That works out to 58 million or so a year in wages plus unemployment insurance and bennies. Each item sold would cost about 290 dollar less. Cut it by 75% and that become 435 per item. That's huge. And 99 out of 100 people are going to buy from a different company that has already moved offshore if there is that much difference in price and Carrier would still go broke having a free CEO. Don't listen to what the politicians are saying. They just want your vote. They know what the bottom line is. And without massive tariffs on ANY imported goods nothing is going to change. And a massive increase like that would really crash the economy with the massive inflation it would create.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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