I read an article written by John C. Dvorak posted on MarketWatch about Foxconn; I thought it was quite interesting and worth a read.
From what friends have told me and from most reports it is “essentially a steel mill on one end and computers come out of the other end.”
Read More: Foxconn’s troubles expose China’s woes
After the Vegas DEFCON ATM debacle where hackers hacked hackers by setting up a fake ATM in front of the facilities security office, I needed to see how stupid easy it was to buy an ATM and just set it up anywhere. So my search began.
I started looking on e-bay and found plenty of new and used ATMs ranging from $500-2500 but quickly determined I didn’t want to pay $300 for shipping. Next was Craigslist…
GM to close truck plants, shift to fuel-efficient cars – Jun. 3, 2008
Why close them? Why not convert them to plants that produce vehicles that consumers want. I do have to say, though, the writing has been on the wall. I would like to meet the board of directors and ask them where they got the strategy to build SUVs. I know they are profitable, but the board should be smart enough to realize that the strategy to build SUVs is not sustainable. Jesus. If I was a stock holder in this company, I would be trying desperately to knock the entire board and management team out. I sense they are a bunch of yes men, or greedy people. Obviously most of the board incompetent to lead General Motors.
On a related note, at the most recent USG shareholder meeting, the shareholders voted (I voted NO) to add Robert Barnett to our board of directors. Mr. Barnett was a retired Executive Vice President of Motorola. So here are the two questions I have:
When do I get to run a company?
