Reply to: Pru plots move to Hong Kong

[scooterscot]

But before the boot, assess what benefit their negotiations with Hartnett have realised and rebill them for any tax they have negotiated away. Make sure the investigation goes back 20 years.

here here.

[scooterscot]

And how should we have prevented that?

How? Is that not what government is for? Our government sends teenagers to far away lands to kill and be killed yet cannot legislate, see to it that the interests of people are put before shareholders?

You're the biggest lefty of a left thing with left bits on it, which has been left behind by the other lefty's because you were seen as too soft.

[tractor]

...

Followed by a boot up the arse.

But before the boot, assess what benefit their negotiations with Hartnett have realised and rebill them for any tax they have negotiated away. Make sure the investigation goes back 20 years.

[sasguru]

As I thought, armchair theorists without a clue.

[doodab]

And how should we have prevented that?

STRIKE!!!

That would have scared the buggers off.

[sasguru]

We should have never allowed so many companies to fall into foreign hands..

And how should we have prevented that?

[scooterscot]

And that is the problem. They have the power to affect the lives of people and communities deeply, yet little in the way of obligations towards them. The moment one suggests they might have such an obligation they threaten to do a runner. If they were a parent or spouse they would be roundly condemned but because they are a faceless "legal" person they are venerated. This is ****ed up.

Let them walk. The short term pain will be worth the long term gain.

We should have never allowed so many companies to fall into foreign hands. Look at Cadbury's, Kraft said they'd look after the employees. Crap. Already a number of them are dependent on the state.

Once thing I respect about Germany businesses is exactly that, it remains in German hands.

[doodab]

Who said we should?

It seemed to be implied in a few of the responses that we should be trying to discourage them. I'm all for it, personally.

[sasguru]

Exactly. So why should we concern ourselves with enticing them to stay?

Who said we should? As a shareholder, I would be happy if they went wherever they could prosper.
The world is a global place and presumably there would still be employment opportunities for people who wanted to live in HK

[doodab]

It's a bit childish to get all het up about a company that does (or soon will do) most of its business in Asia to want to move there.
It's logical for them to do so and to want to avoid onerous European laws.

Exactly. So why should we concern ourselves with enticing them to stay?

[eek]

It's a bit childish to get all het up about a company that does (or soon will do) most of its business in Asia to want to move there.
It's logical for them to do so and to want to avoid onerous European laws.

WSGS why should a company have to subject all its subsidiaries to rules that local companies would not have to follow. It would only make those subsidiaries totally uncompetitive.

[sasguru]

It's a bit childish to get all het up about a company that does (or soon will do) most of its business in Asia to want to move there.
It's logical for them to do so and to want to avoid onerous European laws.

[doodab]

Followed by a boot up the arse.

WTWS

[TimberWolf]

I think maybe it's time to let them go...

Followed by a boot up the arse.

[doodab]

Companies have no obligation to anyone but their shareholders.

And that is the problem. They have the power to affect the lives of people and communities deeply, yet little in the way of obligations towards them. The moment one suggests they might have such an obligation they threaten to do a runner. If they were a parent or spouse they would be roundly condemned but because they are a faceless "legal" person they are venerated. This is ****ed up.

Let them walk. The short term pain will be worth the long term gain.