How long to you think the rich are going to float the bill before they leave the US with their money?
Here is a list of companies that have already relocated. Everyday the list grows. Who will pay for the underprivileged when all we are is peasants waiting for the bread line to open. And dont forget, its not just the income tax from the company that we loose but also all the jobs that were lost and those taxes as well. Maybe Mccain had a point after all.
A
Accenture
Adaptec
Adobe Systems
AMD
Aetna
Agere Systems
Agilent Tech.
AIG
Alamo Rent A Car
Albertson’s
Alliance Semiconductor
Allstate
Alpha Thought Global
American Express
American Standard
Amphenol Corp.
Andrew Corp.
AOL
Applied Materials
AT&T
AT&T Wireless
A.T. Kearney
Avery Dennison
B
Bank of America
Bank One
Bechtel
Best Buy
Black & Decker
BMC Software
Boeing
C
Capital One
Carrier
Cendant
Cerner Corporation
Charles Schwab
ChevronTexaco
Ciena
Cigna
Circuit City, Inc.
Cisco Systems
Citigroup
Coca-Cola
Comcast Holdings
Computer Associates
Computer Sciences Corporation
Continental Airlines
Convergys
Cooper Tire & Rubber
Cooper Tools
COVAD Comm.
CSX
Cummins
D
Dell Computer
Delta Air Lines
Direct TV
Discover
Document Sciences Corp.
DuPont
E
Earthlink
Eastman Kodak
EDS
Electroglas
Electronic for Imaging
Eli Lilly
EMC
Emerson Electric
Ernst & Young
Expedia
ExxonMobil
F
Fedders Corporation
Fidelity Investments
First American Title Ins.
Fluor
Ford Motor
Franklin Mint
G
Gateway
General Electric
GlobespanVirata
Goldman Sachs
Goodrich
Google
Greenpoint Mortgage
Guardian Life Insurance
H
The Hartford Financial Services Group
HealthAxis
Hewitt Associates
Hewlett-Packard
HSN
I
IBM
IndyMac Bancorp
Intel
Intl. Paper
Intuit
ITT Educational Services
J
Jacuzzi
JDS Uniphase
Johnson & Johnson
JPMorgan Chase
Juniper Networks
K
KANA Software
Kaiser Permanente
Keane
KLA-Tencor
L
Lehman Brothers
Levi Strauss
Lexmark International
Lifescan
Lillian Vernon
Linksys
Lockheed Martin
Lowe’s
Lucent
M
Marshall Fields
Mattel
Maytag
McDATA Corporation
Mellon Bank
Merrill Lynch
Metasolv
MetLife
Microsoft
Monsanto
Morgan Stanley
Motorola
N
Nabco
National City Corporation
NCR Corporation
Network Associates
Newell Rubbermaid
New York Life Insurance Co.
Northwest Airlines
O
Office Depot
Oracle
Otis Elevator Co.
P
palmOne
Parker-Hannifin
Parsons E&C
Pearson Digital Learning
Pericom Semiconductor
Perot Systems
Pfizer
Planar Systems
Portal Software
Pratt & Whitney
Primus Telecom
Procter & Gamble
Providian Financial
Prudential Insurance
Q
Qwest Comm.
R
Rainbow Technologies
Raytheon Aircraft
Regence Group
Rohm & Haas
RR Donnelley & Sons
S
SAIC
SBC Comm.
SEI Investments
Siebel Systems
Sikorsky
Solectron
Sprint
Sprint PCS
State Farm Insurance
StorageTek
SunTrust Banks
SurePrep
The Sutherland Group
Sykes Enterprises
T
Target
Tecumseh
Telcordia
Texas Inst.
Thrivent Financial for Lutherans
Time Warner
Triquint Semiconductor
TRW Automotive
Tyco Electronics
Tyco Intl.
U
Unisys
United Online
United Tech.
V
VA Software
Veritas
Verizon
W
Wachovia Bank
Washington Group Intl.
Washington Mutual
Y
Yahoo!
Halliburton just decided to move to dubai and layed off 4000 workers in Houston.
I’m not really a specialist in this area at all, but I get the impression a lot of the issues that we are all experiencing now are because of fraud in the American investment scene.
If I was the president of a traded company and found that my company had been losing out on because money intended for legitimate investment in companies like my own had been stolen, hidden and not invested, I’d be wary as well. Certainly, I’d consider moving to a locale where there are controls in place to protect the business, it’s investors and employees (even if they sadly have to be new ones). Commitment to the enterprise sometimes takes precedent over loyalty to a location.
I wouldn’t be too quick to fault the businesses; they are most likely making sound decisions to protect their own enterprises. I would be quite quick to fault the rich who stole investors’ money and rode their unearned yachts into the sunset.
I also think that we’ve only scratched the surface to the fraud. I think there’s much more than we could ever had imagined and that the proverbial $hit will hit the fan regularly over the next while. Know a hedge-fund manager anyone?
On an aside, I believe it was men like McCain who allowed this ridiculous problem to begin and continue.