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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) Send PM | Profile | Ignore 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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