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Non-Tech : Kirk's Market Thoughts
COHR 171.48-2.0%2:53 PM EST

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To: Kirk © who wrote (1282)5/19/2014 8:59:33 PM
From: Kirk ©  Read Replies (1) of 26782
 
I want to add
I've said before we moved a whole product line I helped INVENT to Asia for tax breaks. I was told by the man who made the final decision that HP didn't give a damn if the whole business lost money after it moved as the tax breaks on ALL our stuff made there were large compared to the lost income from having less experienced R&D engineers we had to train do the work was tiny. It was basically a transfer payment to train their people to do US jobs. We moved a profitable business overseas to lose money for that product line but it saved more on taxes overall so the bottom line was better.
You see, I actually speak from first hand experience.... not some talking points from the likes of Maxine Walters, Barney Frank or Barbie Boxer...
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