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Old 06-19-2015, 09:11 AM
 
Location: Connecticut
503 posts, read 530,512 times
Reputation: 649

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Quote:
Originally Posted by Mr_250 View Post
Seems like the grass isn't always greener on the other side. PTR, since leaving CT, is really in trouble down in S.C. PTR Industries put

Should have just stayed here.
Did you even read that article? You disingenuously imply their issues are related to the SC move. In actuality they are getting fewer orders as a result of the gun industry tanking. They'd probably be in even worse shape if they were still here paying higher operating costs.

 
Old 06-19-2015, 10:03 AM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by FunkOdyssey View Post
Did you even read that article? You disingenuously imply their issues are related to the SC move. In actuality they are getting fewer orders as a result of the gun industry tanking. They'd probably be in even worse shape if they were still here paying higher operating costs.
Maybe, but maybe not. I know a small company that moved part of its operations south and had such problems trying to manage it from a distance that they almost closed. They could not find good management to run the southern operations and ended up bringing everything back to Connecticut where the owners could still oversee things properly. The company is now very profitable again. Of course this is one small company but still it is an example of how cheaper labor is not everything that the accountants claim it to be. Jay
 
Old 06-19-2015, 03:17 PM
 
2,695 posts, read 3,489,693 times
Reputation: 1652
Add Stanley works to the list. http://www.ctcapitolreport.com/image...o%20malloy.pdf

This was the most straight forward letter from a CEO that I read.
 
Old 06-19-2015, 03:32 PM
 
9,911 posts, read 7,697,498 times
Reputation: 2494
Super nervous now more layoffs reported on the news at CT hospitals. This Robin Hood tax on hospital's is a disaster.
 
Old 06-19-2015, 04:51 PM
 
Location: CT
2,122 posts, read 2,421,204 times
Reputation: 1675
Quote:
Originally Posted by JayCT View Post
Maybe, but maybe not. I know a small company that moved part of its operations south and had such problems trying to manage it from a distance that they almost closed. They could not find good management to run the southern operations and ended up bringing everything back to Connecticut where the owners could still oversee things properly. The company is now very profitable again. Of course this is one small company but still it is an example of how cheaper labor is not everything that the accountants claim it to be. Jay
sounds more like "long distance relationship problems" and an inability of the owner to adapt to the changes in the business model.

You really think there's not ONE qualified person to run his/her small little operation in the entire southern united states? It's much more plausible that he never mastered the art of managing from a distance. Many companies do this across continents.
 
Old 06-19-2015, 04:59 PM
 
Location: CT
2,122 posts, read 2,421,204 times
Reputation: 1675
Quote:
Originally Posted by Mr_250 View Post
Add Stanley works to the list. http://www.ctcapitolreport.com/image...o%20malloy.pdf

This was the most straight forward letter from a CEO that I read.
I think this situation is going to continue getting worse for a long time to come. These are only the proactive companies. Wait till the rape train actually departs the station. That's when all the companies who weren't forward-looking or complacent will realize how much more they are paying and the absolute nothingness that they're getting in return.

All the people who praise and justify our ridiculous tax system in CT with comments like "we have great healthcare" are going to have one less bullet point to call on when all these hospitals start their layoffs as well.

CT future looks quite dismal.
 
Old 06-19-2015, 05:53 PM
 
34,053 posts, read 17,064,521 times
Reputation: 17212
Quote:
Originally Posted by Mr_250 View Post

This M&A talk in the insurance industry is not going to play out well for Hartford. The only shark is Aenta, Cigna is small fish in this game. News outlets reported that Anthem bid $45Billion for Cigna and UHC is willing to make any deal to take over Aenta. This is getting into a scary game that doesn't look good for Hartford. Forget the budget, these M&A should be a top priority.
The budget though will no doubt influence where the buyers locate portions of the corp, as no buyer will welcome AETNA's 27% tax hike under Malloy.
 
Old 06-19-2015, 05:55 PM
 
34,053 posts, read 17,064,521 times
Reputation: 17212
Quote:
Originally Posted by Mr_250 View Post
Add Stanley works to the list. http://www.ctcapitolreport.com/image...o%20malloy.pdf

This was the most straight forward letter from a CEO that I read.
Wow! That was no holds barred.
 
Old 06-19-2015, 06:21 PM
 
34,053 posts, read 17,064,521 times
Reputation: 17212
Quote:
Originally Posted by Sigequinox;40087654

I think this situation is going to continue getting worse for a long time to come. These are only the proactive companies. Wait till the rape train actually departs the station. That's when all the companies who weren't forward-looking or complacent will realize how much more they are paying and the absolute nothingness that they're getting in return.
Amen. Those with their head in the sand will need to pay their taxes plus those of the corps who bolted in the interim. Ouch!
 
Old 06-20-2015, 10:03 PM
 
34,053 posts, read 17,064,521 times
Reputation: 17212
Don't know if anyone saw the formal announcement:

http://www.nytimes.com/2015/06/21/bu...=business&_r=0
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