The big wigs don’t want payrolls cutting into their bonuses. It’s all about greed and quarterly earnings statements. The stock holders are more important than the employees and the customers. Typical big business mentality.
Companies don't know what it takes to be creative. They aren't willing to accept risk. The process would have been worked out, but as JP says, it's about quarterly earnings... not long term.
No paywall:
ReplyDeletehttps://www.msn.com/en-us/money/companies/why-america-s-largest-tool-company-couldn-t-make-a-wrench-in-america/ar-AA1ec81R?ocid=finance-verthp-feeds#:~:text=%E2%80%9CWe%20endeavored%20to%20make%20Craftsman,company%20declined%20to%20comment%20further.
I feel bad for the people who moved from Gastonia to Texas. And Belarus? Sheesh.
And as usual, other people snatched a winfall from the jaws of bankrupcy
ReplyDeletehttps://www.dailymail.co.uk/news/article-12326785/Craftsmans-90M-plan-bring-manufacturing-Texas-flopped-faulty-robots.html
WSJ article missed that...
The big wigs don’t want payrolls cutting into their bonuses. It’s all about greed and quarterly earnings statements. The stock holders are more important than the employees and the customers. Typical big business mentality.
ReplyDeleteCompanies don't know what it takes to be creative. They aren't willing to accept risk. The process would have been worked out, but as JP says, it's about quarterly earnings... not long term.
ReplyDelete