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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (7484)	10/10/2003 3:18:28 PM
From: Sam Citron	Read Replies (2) \| Respond to of 25522

As Grove indicates, CEOs don't have much wiggle room on the issue. They have primary fiduciary responsibilities to their shareholders to reduce costs and increase profits. It's not their job to increase employment of US nationals. If they were to do so while neglecting their duty to shareholders they would quickly lose their jobs as well as derivative law suits. Your statement: Grove is part of the problem....INTC is sending jobs overseas and investing heavily in manufacturing in China...His comments are hypocritical...He could put a stake in the ground and say, I am committed to insure that the US maintains its' technology superiority....that would be true leadership....not whining about the issue.... What ever happened to the management philosophy of: "You are either part of the problem or part of the solution" Sounds like he is trying to justify being part of the problem is simplistic in the extreme and not up to your usual standards.