Another business moving out of the states

@SDavis Its terrible those jobs (and the skills attached) are going. Now lets look at the history of corporate decision making that led to it. How much debt is the company carrying? Was it necessary? How competitive wne up to date are the products. This may be just poor management. Or a crappy business model on its way out.😷

@whowasthatmaskedman

And it all boils down to greed - regardless of their problems if they have any - did you research it?

It's a 10.6 billion dollar corporation in 2023.

And if it's that bad file for bankruptcy!

@SDavis I think we have found common ground. It does all boil down to greed. But the question is whose greed? The list of suspects runs from the shareholders and the Chairman down...😷

@whowasthatmaskedman
The shareholders generally has little to do with these big corporations - they may participate in a vote here and there but the big decisions HA. It is the CEOs and presidents that basically gain. There is a huge gap
https://news.umich.edu/shareholders-take-a-hit-when-ceos-earn-far-more-than-their-employees/

@SDavis All correct. But there is another factor ahead of that. The share trade market (as opposed to investment) has caused the share market rendulum to look more like a yo yo exhibition and since the share price dictates so much of a companies debt position and performance to dividend varies wildly on it..😷

@whowasthatmaskedman ok - I am at a loss on that subject.

Marion Webster's definition of greed is an intense desire for more of something than is needed ___

They have laid off workers and given salary cuts to their employees.
https://greatamericancrop.com/news-resources/article/2024/07/24/salaried-deere-employees-take-a-hit

The company forecast it's net income for 2024 to be 7 billion plus.
https://www.deere.com/en/news/all-news/fy24-third-quarter-earnings/#:~:text=Net%20income%20attributable%20to%20Deere%20%26%20Company%20for%20fiscal%202024%20is,to%20be%20approximately%20%247.0%20billion.

Cash on hand - over 8 billion
https://companiesmarketcap.com/deere-company/cash-on-hand/#:~:text=Cash%20on%20Hand%20as%20of,in%20cash%20and%20cash%20equivalents.

Cash on hands defines as the money you have available to use immediately after paying out all of its cost (in all forms)
https://www.zenbusiness.com/cash-on-hand-definition/#:~:text=The%20definition%20of%20cash%20on,keep%20a%20bank%20account%20open.

8 billion on hand - regardless of losses

@SDavis We are both right here. Or maybe more correctly, neither of us is wrong. The issue gets lost in complexity at the money level becasuse John Deere will still have the same shareholders and the same board. And Money is international these days. (See. Its complex already) So to oversimplify it, Its only the OompaLoompas who have lost their jobs. Willy Wonka hasnt changed a bit. As human beings thats of course a big deal.. But in terms of John Deere as a money business. It doesnt matter that much. Odds are a lot of the components were already imported.. But maybe we can continue this outside the thread. I have to start getting technical to get much deeper.😷