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What does Foxconn get out of it? From the article they seem to have lost lots of money.
by ars 6y ago
What does Foxconn get out of it? From the article they seem to have lost lots of money.
- jcranmer 6y agoIf I had to guess, I would say that they thought that they'd still get the money anyways for a greatly stepped-down facility. The fact that Wisconsin is cancelling the money for Foxconn not delivering on their promises (which they probably never intended to keep in the first place) seems to have come as a surprise to Foxconn.
- deleted 6y ago[deleted]
- kristianov 6y agoTerry Gou was running for president of taiwan, and he needed support and endorsement from Trump. He got it, and he still lost.
- briankelly 6y agoAt least that parallels Walker's story well...
- pbourke 6y agoFoxconn provided a bulk quantity of unicorn farts to power the Walker and Trump administrations through tweets, photo ops, TV ads, etc. In return they were expecting the angel of tariffs to skip their door, in addition to the river of incentives money that was to be directed their way.
- evan_ 6y agoIt says they failed to qualify for a subsidy so I assume they were planning on getting money from that.
- uxp100 6y agoThey were tax credits with requirements they did not meet. If they were planning on taking advantage of those credits, it seems like they would have put in the minimum effort to at least appear to meet them. Something a little stranger happened here. I think related to global politics, not just something with Trump or Scott Walker.
- evan_ 6y agoI don’t entirely disagree but I do think that’s explained by, they weren’t actually planning on having to actually meet any benchmarks, rather than just having a friend in the Governor’s mansion.
- kd0amg 6y agoI got the sense that they did try to put in that minimum but misjudged how high the bar would be. They sent in their "we hired enough people so give us the money" message, but then (unexpected, I suspect) scrutiny by some civil servants revealed that they hadn't hired enough.
- uxp100 6y agoYeah, I guess what the article describes seems shockingly incompetent. That's what I'm struggling with. The feeling that if they were really trying to a do a fraud they would have gotten closer to succeeding. But what the article describes seems like what would be in a satirical movie. I mean, I know multinational corporations have their moments, but this seems so beyond just average incompetence.
- evan_ 6y agoI don’t know anything about the leadership but it makes me wonder if they’re used to a certain grift-effort level in China and they weren’t adjusting to the slightly higher grift-threshold in the US.
- me_againnnnnn 6y agoThis was subsidised by the Chinese. Like Trump's going to get any success from somebody the Chinese government can control. Haha, no way. Here we are at election time and Trump has failed. Let's see what happens after he is gone.