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<blockquote data-quote="mugsy" data-source="post: 1912991" data-attributes="member: 18914"><p>And who are those &quot;greedy stockholders&quot;?&nbsp; Oh yes, union retirement funds (many teachers and public sector unions included), older folks looking for &quot;safe&quot; investments have invested overseas in droves over the last decade.&nbsp; I know it is easy and frankly doesn&#039;t require much thinking to attack greedy boards of directors but all they do is, more or less perfectly, respond to the will of shareholders by seeking to produce the lowest cost product that will remain competitive.&nbsp; Hmmm..what have I forgotten?&nbsp; Ah yes, it is ultimately the consumer who drives the market which is what is driving those company bottom lines - every time a consumer votes with his wallet for a cheaper alternative he is probably helping to ship a job overseas.&nbsp; Lots of blame to spread around - it is just too easy to lay the blame at the foot of the group with which we have the least empathy.</p></blockquote><p></p>

[QUOTE="mugsy, post: 1912991, member: 18914"] And who are those "greedy stockholders"? Oh yes, union retirement funds (many teachers and public sector unions included), older folks looking for "safe" investments have invested overseas in droves over the last decade. I know it is easy and frankly doesn't require much thinking to attack greedy boards of directors but all they do is, more or less perfectly, respond to the will of shareholders by seeking to produce the lowest cost product that will remain competitive. Hmmm..what have I forgotten? Ah yes, it is ultimately the consumer who drives the market which is what is driving those company bottom lines - every time a consumer votes with his wallet for a cheaper alternative he is probably helping to ship a job overseas. Lots of blame to spread around - it is just too easy to lay the blame at the foot of the group with which we have the least empathy. [/QUOTE]

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