> Titan had to pay millions to Washington lawyers to sue the Chinese tire companies because of their subsidizing. Titan won. The government collects the duties. We don't get the duties, the government does. This is how tariffs work. You don't tax imports to fork over free money to domestic companies. The point is to increase the cost of the imported good to compensate for illegal (from the WTO's point of view) Chines…
U.S. CEO to France: ‘How Stupid Do You Think We Are?’
61–70 of 125 posts
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#62> Titan had to pay millions to Washington lawyers to sue the Chinese tire companies because of their subsidizing. Titan won. The government collects the duties. We don't get the duties, the government does. This is how tariffs work. You don't tax imports to fork over free money to domestic companies. The point is to increase the cost of the imported good to compensate for illegal (from the WTO's point of view) Chines…
He could be a stereotypical welfare queen. You know, the type who think they are entitled to "free stuff" at taxpayer expense.
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#63Earlier quoted context omitted.
He's marginally literate because...?
His letter shows the classic signs of someone uncomfortable expressing himself in words. Reading his letter is like watching someone ice skate for the first time -- all the expected motions are there, but without any familiarity or sense of style.
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#64Wow, what a total jerk. Regardless of the differences between US, Chinese, Indian and French work ethics the least you could do as a CEO is to learn how to write a polite refusal. When you don't have to insult someone it is probably better not to. Because those pesky French just might publish your less than elegant letters, your stockholders might read those letters and could very well think: "This guy runs the compa…
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#65Earlier quoted context omitted.
I like people who tell it like they see it. Sure, he could tone it down a bit, but I would prefer he does not. When you guard your words and hold back how you really feel, you are not doing anyone any favors. Saying nice, comforting things to them (while they fail and people lose their jobs) would be a greater injustice than being honest and frank. I bet no one else has ever spoken that directly about the matter. Som…
Sure, but this is not in any way productive. Another thing that bugs me is the hypocritical stance of suing Chinese tire manufacturers and then turning around and manufacturing in China. If you do something like this - it's a pretty drastic departure from good form - there ought to be a reason for it, some kind of upside to balance the obvious downsides.
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#66What's amusing about the letter is that it shows how even executives buy into cultural stereotypes to justify their activities. The substance of the letter is this: we'd rather buy an Indian or Chinese tire company to get the government subsidies and take advantage of the low cost of labor. The stuff about French workers only working three hours a day is fluff, and on top of that almost certainly exaggerated out of c…
But what are you gonna do, it's become trendy to take swings at the French for being cowardly, lazy, corrupted union-loving socialist epicurian bastards with no engineering and manufacturing skills whatsoever even though rankings, statistics and facts paint another picture.
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#67Earlier quoted context omitted.
Sure, but this is not in any way productive. Another thing that bugs me is the hypocritical stance of suing Chinese tire manufacturers and then turning around and manufacturing in China. If you do something like this - it's a pretty drastic departure from good form - there ought to be a reason for it, some kind of upside to balance the obvious downsides.
I think it is productive - a polite refusal would leave the minister with less information about the opinion of business leaders towards French policies. This way, he knows of a few specific issues that the CEO has with the idea of operating in France.
Workers in France work for three hours, eat for two and talk for another three? Really?
Producing in France is only expensive because of the labour costs? Or is there maybe also that pesky environmental controls issue?
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#68Is there somewhere already a translation of the French response? http://www.lesechos.fr/economie-politique/france/actu/020257...
Sir,
Your words, as extreme as they are insulting, pay witness to your complete ignorance of our country, France, and its solid assets, such as its world renowned power of attraction and its ties with the United States of America.
France is proud to host more than 20 000 foreign businesses, representing nearly 2 million jobs, a third of it's industrial exports, 20% of its private R&D and 25% of its industrial jobs. Every year, 700 foreign investors make a decision to localize job and value creating investments in France. And this strong attractivity is not waning, on the contrary, it is strengthening every year.
Amongst these foreign investments, the United States take the first place. 4200 subsidiaries of american businesses represent nearly 500 000 jobs. The presence of american businesses in France is not new: Haviland since 1842, IBM since 1914, Coca-Cola since 1933, General Electric since 1974, and so many others. These ties are renewed every year: in 2012, businesses like Massey-Fergueson, Mars Chocolat, or 3M chose to grow their presence in France.
What were the decisive factors in these decisions? Foreign businesses come to France for its quality infrastructure, its enviable living environment, one of the most competitive energy in Europe and an enviroment favoring research and innovation. But above all, in opposition to your ridiculous and disparaging remarks, the bulk of these businesses know and appreciate the quality and productivity of the french workforce, its engagement, its knowhow, its talents and the competence of french workers.
To strengthen this power of attraction, the french government has just taken 35 measures in the "National pact for growth, competitivity and work". Amongst them, a tax refund for competitivity and work lighten by 6% the salary load of businesses of between 1 and 2,5 SMIC. Social partners have also reached an agreement on job security, which illustrate the quality of the social dialogue in France and its importance to our government.
Might I remind you that Titan, the company you helm, is 20 times smaller than Michelin, our French technology leader with global reach, and 35 times less profitable? This demonstrate how much Titan could stand to learn and gain from implanting in France.
France is even prouder and happy to host american investments that our two countries are linked by an old and passionate friendship. Are you at least aware of what La Fayette did for the United States of America? And as for us, we will never forget the sacrifices young american soldiers made on the beaches of Normandy to free us from nazism in 1944. And since you chose to criticise your own country in the email you sent me, I must tell you how much the french government admires the policies put in place by President Obama. As our minister of industry, I am particularly impressed by his action favoring relocating industrial jobs in the United States and its radical innovation. There is a certain link between our current policy and the one inspired by your President.
You evoque your intention to use certain countries' workforce to flood our markets. I have a duty to inform you that this condamnable short-term thinking will one day face a justified reaction from States. Such is already the case for France and it's growing amount of allies within the European Union who are campaining for reciprocity of trading and are working against dumping. In the meantime, be assured that I will make certain that our competent governmental services will work twice as hard to inspect your imported tires. They will be especially mindful of the respect of the applicable standards in matters social, environmental and technical.
Please accept, sir, my greetings. ((That greeting is essentially untranslatable)).
Arnaud MONTEBOURG
Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#69Re: U.S. CEO to France: ‘How Stupid Do You Think We Are?’
#70What's amusing about the letter is that it shows how even executives buy into cultural stereotypes to justify their activities. The substance of the letter is this: we'd rather buy an Indian or Chinese tire company to get the government subsidies and take advantage of the low cost of labor. The stuff about French workers only working three hours a day is fluff, and on top of that almost certainly exaggerated out of c…
Very good comment. This open letter is copied in every right wing economic blogs as a demonstration that unions are killing companies, when really no OECD country can compete with China or India for low wages. The big public rant about how bad things are in the factory looks just like a large media spin to justify the closure of the factory.