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To: fred woodall who wrote (10124)9/18/2010 11:06:38 AM
From: Kirk ©  Respond to of 220676
 
You make some good points but

If I want to give money to charity, I'll give money to charities I pick.

If I want to make money, then I invest in a business by working for a company for a paycheck or investing my money in its stock for dividends and/or capital appreciation.

I tend to shop less at stores that ask me to contribute directly to their charities when paying for my groceries but I guess they feel it helps their image to annoy their customers by begging for dollars. I much prefer to get pitches for their charity in the mail where I can evaluate it and see if most of the money goes to doing good, etc...

Back to what is moral. HP was very successful while I was there (1978-1998) because core to its values was making money for shareholders. Treating workers well and being a good corporate citizen wherever they were located were also important, but never number one on the list. Despite moving jobs overseas the whole time I was there, the company grew and was a good place to work while paying a lot of taxes to the US. I don't see where it is a "moral" responsibility for HP to grow jobs in the US rather than in Singapore where they were appreciated and given "tax holidays" to bring jobs there. Singapore would have gotten nothing in tax receipts with no new jobs but by forgiving some taxes for our division, they got jobs for their citizens that in the past went to graduates of the top schools in the US to work here in the US. These new jobs they could tax.... so by forgiving taxes for HP, Singapore GREW their total tax base with very good jobs. Fiorina, former CEO of HP that was part of its downfall (don't get me going on HPs attempts to break the glass ceiling with reverse discrimination )... but that is another issue, is in a unique position to turn the tables and EXPLAIN WHY she sent so many jobs overseas... but she seems to be skating around the issue as they beat her up with it.