A foreign takeover that just doesn't fly
Thursday, January 26, 2006
We've all read about the takeover of former American companies by foreign investors. Now this is not necessarily anything new. Like it or not, the foreign money has flowed into U.S. companies for several years. I'm not entirely sure what that means or how that happens. But I do know that some of the reason is that foreign companies can and do pay their workers much less money. That reduces their cost of production which allows them to make more money.