The Board of Directors is there to protect the interests of shareholders. Maximizing profits is in the interest of shareholders. Shifting production to lower cost areas would be in line with maximizing profits. The Board is not responsible for procurement decisions but management is responsible for them and the Board typically has to buy off on management's ideas (by way of approving a budget, or similar).klkla wrote: ↑April 11th, 2020, 11:43 amI love this strategy of deflection LOL. Conservatives always use "What about Hillary?" to deflect attention away from their own actions. I guess it works on some people.storewanderer wrote: ↑April 10th, 2020, 10:35 pm Don't forget the famous politician who sat on that Wal Mart Board of Directors from 1986-1992. That time period was the epicenter of production switches out of the US and to China for the type of products sold by Wal Mart.
A member of the Board of Directors would not be responsible or involved in those issues. They provide overall advice on corporate governance issues, not day-to-day procurement decisions.
Coronavirus and masks in stores has nothing to do with Hillary Clinton lol.
https://www.investopedia.com/terms/b/bo ... ectors.asp
The reason we have a shortage of, among other things, face masks and medical supplies is because so much production was moved out of the US, specifically in the 80's and 90's. It was noted by another poster here that Wal Mart was a heavy hitter in that strategy. I was simply point out someone who was involved in "corporate governance" at Wal Mart during the time period where so much production moved out of the US. Whether or not this individual agreed with what went on or not, during that time, I do not know. Maybe that was why they resigned from the Board in 1992, who knows, multiple things happened in 1992 that may have influenced the exit. As I said, before follow the money.
This article spells out the scenario that played out. Hopefully the source PBS is not considered too "biased."
https://www.pbs.org/wgbh/pages/frontlin ... china.html
So what started with clothing and other non-essential goods in a drive for "the lowest price" ended with critical goods like medical equipment such as masks sourced overseas and US supply chain torn down to a point that it was inadequate to handle US needs. This is a problem. Thanks the the 1980's and 1990's businesses and politicians. Again follow the money.
Meanwhile in Reno there was a nursing home that was dealing with the mask shortage by instructing employees (nurses, etc.) to wear a mask one day, then store it after their shift ended, then turn the mask inside out and wear it again the second day... yeah... Then on the third day, start over with a fresh mask. That ended in a few people dying there last week and who knows what additional fall out will come as a result. Those deaths may or may not be pegged under the COVID death count but COVID or not, had processes been sanitary, I suspect those deaths would not have happened. How many more deaths like this have happened or will happen, all because we can't manufacture enough critical health care equipment in the US? A real hard line needs to be taken with this.