> I know that the stockholders' value rules supreme, BUT I
> heard of a case where the stockholders voted NOT to move the headquarters
> offshore (I believe it was Black & Decker Co.).

Black and Decker announced last week that they are to close their
manufacturing plant in Spennymoor, North East England (An AS400 user by the
way) with the loss of about 1000 jobs and move production to Eastern Europe
where labour and raw material costs are far cheaper.

--
Fred Mitchell
Concise Consulting Ltd
Newcastle upon Tyne, England
mailto:fred@ccl400.com
http://www.ccl400.com



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