Even Abbott in the pharmatheutical industry is outsourcing research jobs, what is (to be) left for the people at home??
See Press Release yesterday: Abbott Opens Asia-Pacific Nutrition Research & Development Center in Singapore
The center is Abbott's largest nutrition R&D facility outside of the U.S., and Singapore's first nutrition R&D site creating science-based nutritional products for infants, children and adults.
The new Abbott Asia-Pacific Nutrition R&D Center is the latest addition to Abbott's growing presence in Singapore and the region. The center at Singapore's Biopolis Research Park is Abbott's fifth expansion in the region in less than 18 months.
• Analytical R&D Laboratory in Singapore (January 2009)
• Abbott Manufacturing Singapore (February 2009)
• Pharmaceutical R&D lab in Shanghai, China (March 2009)
• Nutrition manufacturing in Guangzhou, China (March 2009)
• Abbott Asia-Pacific Nutrition R&D Center in Singapore (May 2010)
Pharmatheutical industries in particular need a lot of water and the cleanest. Abbott's investments in Singapore and southern China are not making any sense, because:
Singapore is actually a little city with water supplied largely by its neighboring countries; waters in China, especially in the southern and eastern regions, are (being) polluted heavily by unregulated industrial developments.
Let's hope that the products developed and manufactured in Asia won't be dumped back to the US.
It is evident by the actions of our political masters that we peons don't deserve jobs and that the drug companies are inherently evil. Healthcare is too important to be left to healthcare professionals, drug discoverers, drug suppliers, medical equipment makers, and those who would radically streamline the system and create transparency. No, Barky, Rahm, Nancy and Harry alone know what is best for us.
Ferma,quit quoting a lot of silly articles and try some independent thinking that may have some business logic that backs up the process. I read the comics every Sunday and take them for what they are worth. "Entertainment."
p.s. "You know the fact that "shareholders" may disown their share(s) of "ABT(and any other publicly traded company) " in a matter of seconds. Even Warren Buffet, the most successful stock trader in the US, has never demanded to put his interest before anyone or anything else. It is the well-run companies with pools of talented EMPLOYEES that made Buffet rich, not the other way around."
Is that supposed to draw an enlightened "ah ha" from me? Hell, I couldn't agree more. In my initial reply to you, did I ever infer anything that contradicts this? Not sure why you would feel any need to state something this obvious.
Head scratching here.
lgtccjm & asher_1,
On 23-May-10, you asked "what caused the previous recession", a question showing you are too stupid to be in the market. I IGNORED it.
On 5-Jun-10, while keeping me locked out of ABT board, you used a spare ID (asher_1) to spew a load of crap - for the record:
It's pathetic that you propagandist got nothing of substance to say, but emotional charges and baseless accusations.
How many aliases have you used in this thread alone? Easy to identify - those took turns to attack, and then disappeared after defeat.
First, I'm rarely ever a victim. Despite popular opinion in our country these days, the same holds for nearly everyone else.
Second, The fact that investors buy and sell shares of a given company has nothing to do with the responsibility of a company to serve their shareholders. Some honor this truth better than others but it doesn't nullify this requirement.
Finally, any successful company will pursue growth by definition. If they have to achieve that off-shore, they will do so. As a shareholder, I expect just that.
Why would you expect different? Why would any shareholder expect anything different?
ahscarb asked: "Did I misunderstand your post?"
Yes, you did, and you wouldn't ever get it right, so long as you remain as a believer or victim of the fascist propaganda: "Repeat a lie hundred times, and it becomes Truth!"
In this case, the lie is "ABT(and any other publicly traded company) has a responsibility to their shareholders, first and foremost. "
Where did you get that idea except from internet propagandists?? Again, tell us at what school in which country you learned the principle: "You create jobs where the sales and growth is!"
You know the fact that "shareholders" may disown their share(s) of "ABT(and any other publicly traded company) " in a matter of seconds. Even Warren Buffet, the most successful stock trader in the US, has never demanded to put his interest before anyone or anything else. It is the well-run companies with pools of talented EMPLOYEES that made Buffet rich, not the other way around.
If you truly believe that "money makes money" (rather than people makes you money), put your money under your mattress or in your safe to see if it grows, or invest your money in a pack of monkeys to see what the wild animals can do for you.