Not exactly, OP. Read the letter. His main point was that he wasn't going to buy a French company because of the lack of productivity of their workers, their attitudes, the bureaucracy and red tape and unions.
7 euro per worker, needing 10 workers to replace 1 French worker, then add in quality control issues, transportation costs, and the moral issues of slave labor, and Mr. Taylor is everything that is wrong with corporate America today. There is far more to workers’ value than the simple dollar signs over their head. That Titan would take this position shows the rot of culture at its heart, and a willingness to not do what is best for the stockholders long-term financial stability. Mr. Taylor should be ashamed of his embrace of slave labor. And we all should be ashamed of Mr. Taylor and Titan International.
China and India have poor infrastructure and they make companies pay directly for building it.
They also have spotty labor relations and high turnover. 90% of companies who outsource to these countries do not profit by doing so.
Slave labor appealed to lazy white people.
Another one for the guillotine list. How appropriate.
This is typical attitude of a sociopath ceo. Workers are slaves for his bonus, and he will belittle unions and anything that stands in his way of money.
"There is far more to workers’ value than the simple dollar signs over their head."
What is best for an emerging economy--a few (or no) higher paying jobs or a lot of low-paying jobs? As the economy develops, demand for labor will drive up wages.
China and India also 1) demand technology secrets of the companies locating there; and 2) demand management be trained and foreign experts be sent home. They are also capricious when it comes to contracts, taxes, and the like, so lots of bribes and payouts go to authorities, and more staff have to be used to handle all the meddling.
In other words, the main reasons people outsource to China are 1) to layoff American workers; 2) to win Republican political cred; and 3) because they are doing something illegal.
Sadly we live in a world where nothing but money and power has values.
Honor, family/traditional values, loyalty, and honesty are mere jokes to people like this CEO.
We're entering the 2nd "Gilded Age". Robber barrons are runing this country. Only the rich get richer and the rest of us will be driven into poverty.
sociopaths like this guy should not be allowed to roam free.
Who the hell still buys Titan? Their movies suck. Who cares what their CEO does.
He's a sociopath and deserves our scorn but Apple does the same thing & so did Steve Jobs. Why are they worshipped? Steve was a total leftist/Dem, gave money to Obama every time too.
People STILL worship him but I thought his attitude was the same or worse than this guy.
Real wages adjusted for inflation have not gone up since 1980. In the meantime real wages for executives and dividends for the filthy rich have skyrocket.
The greatest shift in wealth in the history of the world, in this country at this time has gone from the poor to the rich.
Public services -- which the rich are supposed to support more because they have more -- have gotten much worse/
Labor productivity, what our labor produces for the economy -- more value created per hour worked -- has gone up every year.
When is this raise supposed to happen? How long do we wait until our economy turns around? How much harder should we work? Don't the rich have some responsibility to make the economy work for everyone?
Why shouldn't we have unions to fight for more pay for less work? The bosses have failed to do anything that wasn't selfish for 30 years.
R14. Conditions in that Guangzhou plant had to be seen to be believed. They only get worse as you go deeper into China, where few gweilos or journalists are brave enough to tread.
Where workers kill themselves rather than continue working. That boss knows what he is doing all right.
The govt in china, India allow the shit wages and conditions. Try lobbying the Chinese to change conditions. They absolutely do not want change.