If they used any other criteria, then they are just plain stupid.
If the company is large enough to have gone public and is selling stock, then whoever is running that company be it the CEO, President, or Board of Directors or a combination of the three, THEN and ONLY THEN will the company take orders from the majority stockholders to increase the Earnings Per Share and/or increase the quarterly DIVIDENDS... regardless of the impact on the longevity of the company.
This may sound rather crude, but it is just business.
Banks, Investment Brokers, Insurance Companies, Trust Funds, Retirement Funds all have their monies invested in the STOCK MARKET for one reason and one reason only... TO MAKE FRIGGING MORE MONEY THAN THEY INVESTED.
- Companies don't care about the customers
- Companies don't care about the vendors/suppliers
- Companies don't care about the employees
- Companies don't care about the community
Companies SOLE PURPOSE is to MAKE MONEY and increase SHAREHOLDER VALUE.
IF and WHEN taxes increase, Companies will do:
1. lay off workers
2. increase prices
3. reduce supply to the marketplace to support #2
4. cut back on expansion expenses and/or R&D
COMPANIES by default must put themselves in a positive position to make money BY HIRING THE BEST (most talented and gifted). This means if an international potential employee offers more than an American potential employee, they will hire the international applicant.
This also means, that GRADES in College mean NOTHING... what matters is the knowledge you RETAINED and your ability/skills to use that knowledge.
Additionally, if American materials are more expensive than foreign materials (given the same quality), they will buy the foreign material to use in the building of their products.
While a car labeled as "American" is assembled in the United States, a significant portion of its parts often come from other countries, with Mexico being the primary source for imported car parts used in American cars, followed by Canada, China, and other Asian nations; meaning that even a car assembled in the US may have a large percentage of parts manufactured overseas. SOURCE: Chicago Fed
Think about that the next time you say you want to support AMERICA buy buying an American Car...
Ain't it fun to be ignorant and stupid???
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