Wayne.B wrote:
On Mon, 30 Aug 2010 11:05:45 -0400, wrote:

You keep bitching about how your 401k is losing money. If you had
simply bought IBM stock you would be getting 2-3% return from
dividends alone.

Now who would have thought that a big manufacturing company in the US
could possibly have been successful over so many years. Maybe
because of good management, good products, good people, good service
and no unions (that I know of) ?


I thought IBM was an Indian company now.
Heard that's where their largest workforce is.
http://localtechwire.com/business/lo...gpost/8155238/
This is old 2006 info
http://money.cnn.com/magazines/fortu...ees/index.html
But it's probably wrong. The IBM number looks global.
You could have as well mentioned Ford, Boeing, GE, UPS, GM, etc.
They all provide more jobs for Americans.
Wouldn't fit in with the union-bashing though.
Can't remember the last time I bought an IBM product made in the U.S.
Maybe the original IBM pc had parts made in the U.S.
Bought a couple "IBM" hard drives made in some Singapore sweatshop about
8 years ago. They both failed pretty quick. Junk.
Not having a union over there didn't help a bit.
Probably the design engineers in the U.S. screwed the pooch.
That might be why they're moving so much to India.
There's one thing easier than bashing unions though.
Picking stocks after their performance is known, and fancying yourself a
genius.

Jim - Tripe isn't only found in sausage.