Why don’t the stock holders vote to start outsourcing executive and top management to other countries? Honeywell will save millions and only need to move one office to do so. That’s the low hanging forbidden fruit!
6 replies (most recent on top)
https://www.nasdaq.com/symbol/hon/institutional-holdings
The simple answer is that about 76% of HON stock is controlled by Wall Street institutional investment companies like Vanguard, Blackrock, Bank of America, State Street, Massachusetts Financial Services and more than 1,900 other ones. Their shareholders have the overwhelming majority of the voting rights per share to make any changes regarding Honeywell. They care about one thing and one thing only: Share price. Change of Honeywell leadership won't happen.
Aren't most Honeywell employees also stock holders?
Grow a pair and go to the annual meeting and make your thoughts known, even better band together with other employees stock holders and speak with one voice.
I have been saying that for years, and not just about HON.
But they don't walk the talk. Offshoring, like paying income taxes, is for the "little people".
Wasn't Krishna nearly that, other than getting paid like an American? He sure off-shored a lot of Aero jobs to Bangalore. Even gamed the system to make it look like it was "successful". No honest metrics, there.
That's a great idea!
Get a CEO and management from a different country. Very much cost effective
Low hanging fruit , laser focus, burning platforms.... reminds me of Clown Halls at HON
Great idea! Nothing will be lost since those people do about nothing. Less than nothing.
In a lot of cases they get in the way of progress.