I understand their world wide business but it is their country we are talking about. Chairman must go ASAP
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The point is: they no longer have a country. When a company becomes a multinational...it doesn’t have a homeland obligation. One could kill 3M in the US and it would live on in overseas markets. It’s part of the-many-flaws in both corporate structure and global tax policy.
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I suppose all those foreign companies that make ventilators, masks, Ppe should stop selling to US as well? every country for itself?
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It’s an “American Multinational Conglomorate”. 3M May have started in the US. It may be headquartered in MN. It cares about shareholder return. It does not have a “nationality”. That is how the market decided to organize corporate priorities. Fix it if you don’t like it.
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Am making mine.
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It's no different than when we say we have lots of oil in the US. WRONG. WE don't have any oil. The oil companies have lots of oil, and they sell it to the highest bidder, regardless of where that bidder is located.
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When the chips are down, you find out who your friends are very quickly.
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