CommScope should not receive government funding because it outsources its IT operations to India, which leads to the loss of well-paying tech jobs in the U.S., where the funds originate.
This practice not only undermines the domestic economy by not fostering local employment and innovation but also raises concerns about data security and intellectual property protection, given the cybersecurity landscape in India. Additionally, there's an ethical issue when public money intended for national economic growth is used in a manner that primarily benefits another country's workforce, contradicting the fundamental objectives of such financial support.
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the issue is that COMMSCOPE is cashing in on tax benefits from Americans, laying them off, and recruiting/exporting those jobs to India, those jobs paid by our tax dollars. That's anti-American, among other things.
It is not only Commscope, in the 2008 crash, the gov should not give our money to zombie companies keeping them survive, should let them be replaced / closed and get a new start to refresh the whole economy. See Intel as another example as today. To now, keep print money and we all know this is not sustainable, this printing money go to major banks (not us) to continue create bubbles in bubbles in wall street, bigger and bigger then now hit to all commodity / products, housing, even eggs, salt price up, one day. this bubble from 2008 can hit us very very hard in the record of our history! Sit tight!
Outsources its IT Operations to India?
It outsources a whole heck of a lot more than just that.
Software engineering, technical writing, project management, instructional design, and the list goes on. There's nothing that the SLT at CommScope loves more than canceling an American 6-figured salaried position and backfilling it with an Indian $30k a year lackey.
CommScope SOLD a plane last year. No
Purchases. So many liars on this board.
What a selfish CEO
don’t trust any money that goes to Chuck. This is the same guy that called for major cost cutting with mass layoffs and then turns around to buy a private jet.