NCICL director Robert Orr is ignorant
--- North Carolina Institute for Constitutional Law, the non-profit that spearheaded the Dell incentive lawsuit, also issued a statement saying the plant closure illustrates a "stark and painful example of the folly of the incentives game" played by state and local governments.
So, now we know the stupid company organization
--- "No matter how big the incentive package, operational decisions by businesses headquartered out-of-state will be driven by corporate financial considerations and not by any sense of loyalty to the community being left behind," wrote NCICL director Robert Orr.
I guess this Robert Orr did not see NCR Corporation move their corporate headquarters from Dayton, OH to Duluth, GA. The location of the company is not the issue - a company can change locations of a HQ at any time!
Besides this, it does not matter where the company is HQ'ed at. If the community is a major share holder, there is a sence of loyalty to that shareholder. If the community is not a major shareholder, there is little sence of resposibility.
A company is legally responsible to their share holders. If a community is putting a company at risk of violating their feduciary responsibilities to the shareholders, the community is being immoral and is asking the company to break the law.
A community can not morally ask any company to hurt their shareholders. Shareholders are very often a signinficant portion of the life savings of retired people or people saving for retirement. A community should never suck money from the segments of society most vulnerable, those people who are retired, and call it "loyalty".
Opinion
David McLeman
Tim Worstall
Chris Mellor
Popular Stories
Features