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Amazing! 3M CEO ADMITS that it's "Company before country"! [View All]

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Career Prole Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue Dec-30-08 07:05 PM
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Amazing! 3M CEO ADMITS that it's "Company before country"!
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I couldn't believe my eyes.

I found this gem buried in an article about this month's consumer confidence report setting a new record for gloom. The emphasis is mine because damn...this cried out for emphasis.

<snip>

In 3M Co.'s quarterly update this month, Chairman and CEO George Buckley talked about how the company had closed 16 plants over the last year and a half, has been drawing down inventory and cutting capital spending.

"Is this healthy?" he said on the call. "All of us acknowledge we're collectively making the situation worse, but I think the first responsibility we have as leaders of companies is to make sure that we ensure the health and survival of our own companies first, not necessarily other people's companies, or, for that matter, the whole U.S. economy."

<snip>


I know I shouldn't be surprised, but my jaw dropped. He just literally admitted that if the choice is between the U.S. economy staying afloat or 3M staying afloat, he will put his hand on the head of the U.S. economy and push it under.

Someone tell me again why corporations should have "personhood" when it comes to influencing our elections.

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  Amazing! 3M CEO ADMITS that it's "Company before country"! Career Prole  Dec-30-08 07:05 PM   #0 
   k&r and thank you. nt  wildbilln864   Dec-30-08 07:07 PM   #1 
   He's telling us something  Taverner   Dec-30-08 07:08 PM   #2 
   Saving the US economy  sandnsea   Dec-30-08 07:13 PM   #6 
   Oh corporations don't care  Taverner   Dec-30-08 07:16 PM   #10 
      They will care  sandnsea   Dec-30-08 07:24 PM   #22 
      Yes - yes they will  Taverner   Dec-30-08 07:30 PM   #28 
      No they will not care  profitfighter1   Jan-01-09 10:24 AM   #91 
      AAACK!  Dr_eldritch   Jan-01-09 08:50 AM   #88 
         It's a word  ImOnlySleeping   Jan-01-09 01:53 PM   #97 
         LOL...  Dr_eldritch   Jan-01-09 03:17 PM   #103 
         Here we go again...  Puzzler   Jan-01-09 04:44 PM   #105 
            Are 'we' Canadian?  Dr_eldritch   Jan-01-09 10:33 PM   #112 
   Sounds closer to treason than ethics.  Career Prole   Dec-30-08 07:20 PM   #16 
   All it takes is 26 words...  ClassWarrior   Dec-30-08 07:21 PM   #18 
   I Like That  ProfessorGAC   Dec-31-08 06:16 AM   #74 
   not only fired...  northernlights   Jan-01-09 02:29 PM   #101 
   Americans have no right to jobs  sandnsea   Dec-30-08 07:10 PM   #3 
   Globalization  Coyote_Bandit   Dec-30-08 07:12 PM   #5 
   There is nothing wrong with Globalization as a concept  Taverner   Dec-30-08 07:17 PM   #13 
   Globalization as Mama Obama saw it  sandnsea   Dec-30-08 07:23 PM   #20 
   Right, the last 8 years  sandnsea   Dec-30-08 07:21 PM   #17 
   No - the last 8 years is globalism botched  Taverner   Dec-30-08 07:29 PM   #27 
      Then that's false advertising. The planet couldn't sustain that style of living.  Selatius   Dec-30-08 07:45 PM   #32 
      Corporate profits depend on exploitable labor  sandnsea   Dec-30-08 08:21 PM   #42 
   Oh yeah.  thecatburgler   Dec-30-08 09:48 PM   #54 
   Only by the "Please don't make it worse" group  Taverner   Dec-30-08 07:16 PM   #12 
   At least she was fired for wrecking her company (HP), and Compaq  HypnoToad   Dec-30-08 07:54 PM   #36 
   Just confirms  Coyote_Bandit   Dec-30-08 07:11 PM   #4 
   Don't worry.  HypnoToad   Dec-30-08 07:51 PM   #35 
   The only way we will ever have a democracy is by reigning in  tmfun   Dec-30-08 07:13 PM   #7 
   I put many things above countries and I'd put a company above them if I were running one.  RGBolen   Dec-30-08 07:14 PM   #8 
   Bush's grampa did that.  FiveGoodMen   Dec-30-08 07:15 PM   #9 
   He sure did.  thecatburgler   Dec-30-08 09:39 PM   #51 
   Me too.....  Coyote_Bandit   Dec-30-08 07:23 PM   #21 
   Unfortunately, you don't have that option.  thecatburgler   Dec-30-08 09:41 PM   #52 
   Ummmm......  Coyote_Bandit   Dec-30-08 11:42 PM   #65 
      Okay, good luck with that.  thecatburgler   Dec-31-08 12:18 AM   #66 
         Well  Coyote_Bandit   Dec-31-08 01:16 AM   #68 
            And if you don't have the "skills and resources"  thecatburgler   Dec-31-08 01:22 AM   #69 
               If you followed  Coyote_Bandit   Dec-31-08 01:59 AM   #71 
   I'm in a similar situation  Lydia Leftcoast   Jan-01-09 10:40 AM   #94 
   Gee, I'm so surprised to see you saying that.  thecatburgler   Dec-30-08 09:38 PM   #50 
   Good God no I don't agree with that.  RGBolen   Dec-30-08 09:46 PM   #53 
      Why not?  thecatburgler   Dec-30-08 09:50 PM   #55 
         They do not posses citizenship, you do not receive a passport or voter card with a corporate charter  RGBolen   Dec-30-08 09:55 PM   #56 
            Neither does my dog.  thecatburgler   Dec-30-08 09:58 PM   #57 
            Deleted message  Name removed   Dec-30-08 09:59 PM   #58 
               Really, what part of "personhood" should apply to corporations and what part shouldn't?  thecatburgler   Dec-30-08 10:09 PM   #59 
            They are, however, treated as a person.  OwnedByFerrets   Jan-01-09 06:11 PM   #109 
   Wow . . . I'm . . . SO shocked . . .  HughBeaumont   Dec-31-08 06:00 AM   #72 
   I've concluded that he either runs an outsourcing firm  thecatburgler   Dec-31-08 12:35 PM   #83 
   Why am I not surprised to see you writing that?  Lydia Leftcoast   Jan-01-09 10:31 AM   #92 
   The Race to the Bottom  Crisco   Dec-30-08 07:16 PM   #11 
   As corporations are set up now, that is a perfectly true remark  tbyg52   Dec-30-08 07:18 PM   #14 
   We have a choice too  malaise   Dec-30-08 07:18 PM   #15 
   No more Scotch Tape for me!  eowyn_of_rohan   Dec-30-08 07:24 PM   #24 
   Now with every decision you make, you got to ask yourself "Is this good for the company?"  EOO   Dec-30-08 07:23 PM   #19 
   Do you expect companies to drive themselves out of business?  gravity   Dec-30-08 07:24 PM   #23 
   If a corporation can afford to keep employees  sandnsea   Dec-30-08 07:26 PM   #25 
   To save THE SOCIETY  Lydia Leftcoast   Jan-01-09 10:43 AM   #95 
   Thank you.  HypnoToad   Dec-30-08 07:57 PM   #37 
   If the economy of the US failed the US as we know it  Career Prole   Dec-30-08 08:04 PM   #40 
      You are making faulty assumptions  gravity   Dec-30-08 08:17 PM   #41 
      Actually, no.  Career Prole   Dec-30-08 09:25 PM   #48 
      They sell their products in the US  gravity   Dec-31-08 01:03 PM   #85 
         I primarily agree  ImOnlySleeping   Jan-01-09 02:31 PM   #102 
      Thank you.  HypnoToad   Dec-31-08 12:35 PM   #82 
      The survival of his company is the only thing he can directly influence  anigbrowl   Dec-30-08 09:21 PM   #47 
         What I hope for from Obama is fairness for all workers.  Career Prole   Dec-30-08 09:33 PM   #49 
   I don't blame him, he has people he employs that he is responsible for.  MiltonF   Dec-30-08 07:28 PM   #26 
   LOL!  Career Prole   Dec-30-08 10:16 PM   #60 
   Fiduciary Duty (Cornerstone of American Corporate Law)  Statistical   Dec-30-08 07:34 PM   #29 
   I see your point.  thecatburgler   Dec-30-08 10:18 PM   #61 
   I Don't Believe Long Term Strategic Thought. . . .  ProfessorGAC   Dec-31-08 06:26 AM   #75 
   If the dichotomy is country vs company, It's a no brainer.  lumberjack_jeff   Dec-31-08 12:07 PM   #76 
      Then That's A False Dichotomy  ProfessorGAC   Jan-01-09 05:59 AM   #86 
   You are incorrect  Caretha   Jan-01-09 10:09 AM   #90 
   Thanks for posting this  JustAnotherGen   Jan-01-09 10:40 AM   #93 
   Well I have news for him. I only spend my money on local, independently  davidwparker   Dec-30-08 07:40 PM   #30 
   Have you seen the movie "The Corporation"? If not, check it out.  B o d i   Dec-30-08 07:41 PM   #31 
   Just drawing more attention to your post  ImOnlySleeping   Jan-01-09 02:13 PM   #98 
   Reminds me of the aristocracy of Classical Athens, who betrayed the Democracy to the Spartans.  Odin2005   Dec-30-08 07:48 PM   #33 
   they have to act that way BY LAW -- their country has ORDERED them to put country second  unblock   Dec-30-08 07:51 PM   #34 
   This is just textbook corporate policy in action.  Naturyl   Dec-30-08 07:57 PM   #38 
   I am surprised by your surprise  southernyankeebelle   Dec-30-08 07:57 PM   #39 
   The white collar folks weren't worried until they started losing their jobs too.  thecatburgler   Dec-30-08 10:22 PM   #62 
   If corporations really were people, most of them ...  surrealAmerican   Dec-30-08 08:41 PM   #43 
   Corporate America in the most true form. Corporation first, country second, individual last.  sarcasmo   Dec-30-08 08:59 PM   #44 
   They need to lose every tax break given to them  WakeMeUp   Dec-30-08 09:00 PM   #45 
   and 'government subsidy' to these large corporations that don't need a penny of it.  HypnoToad   Dec-31-08 12:31 PM   #80 
   K&R and bookmarked. Thank you. n/t  timeforarevolution   Dec-30-08 09:10 PM   #46 
   As Jefferson said, "The businessman has no country." n/t  Libertyfirst   Dec-30-08 11:36 PM   #63 
   Everybody buy duct tape and plastic sheeting for the imminent chemical attack.  hulka38   Dec-30-08 11:41 PM   #64 
   Don't these dumb fucks realize that by NOT taking care of the whole  grannylib   Dec-31-08 12:29 AM   #67 
   And their own parachutes being as useful as anvils too.  HypnoToad   Dec-31-08 12:33 PM   #81 
   You're right, Career Prole, you shouldn't be surprised.  bertman   Dec-31-08 01:42 AM   #70 
   Um . . . with no customers with money to SPEND, you HAVE no business.  HughBeaumont   Dec-31-08 06:11 AM   #73 
   they have to bank on  ImOnlySleeping   Jan-01-09 02:25 PM   #99 
   We're trimming salaries? Great. Let's start at the top.  HughBeaumont   Jan-01-09 09:51 PM   #110 
   side note  ImOnlySleeping   Jan-01-09 02:25 PM   #100 
      I don't underestimate them.  HughBeaumont   Jan-01-09 09:55 PM   #111 
   Great catch. n/t  ColbertWatcher   Dec-31-08 12:10 PM   #77 
   TRAITOR!  Joanne98   Dec-31-08 12:15 PM   #78 
   So when America craters, with the markets following because when we drop so do they,  HypnoToad   Dec-31-08 12:29 PM   #79 
   Survival is more important to a company durring a recession/depression  Statistical   Dec-31-08 12:44 PM   #84 
   being just a TAD melodramatic, aren't we...?  QuestionAll   Jan-01-09 06:51 AM   #87 
      If you are ever really trying to save a drowning person  Bluenorthwest   Jan-01-09 10:03 AM   #89 
         half-baked thoughts like what, exactly?  QuestionAll   Jan-01-09 10:59 AM   #96 
            Bad analogy  hawkowl88   Jan-01-09 04:34 PM   #104 
               "saving yourself while others drown" doesn't necessarily mean on the backs of others...  QuestionAll   Jan-01-09 05:33 PM   #106 
                  Still a bad analogy  hawkowl88   Jan-01-09 05:56 PM   #107 
                     the original analogy was made by the op, anyway-  QuestionAll   Jan-01-09 06:06 PM   #108 
 

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