04-09-2004, 07:54 PM
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Confirmed User
Join Date: Feb 2002
Location: Free Speech Land
Posts: 9,484
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Quote:
Originally posted by genomega
They don't seem to mention that kerry and his wife moved 57 plants off shore.
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Are you joking or just brainwashed by talk radio?
Teresa Heinz Kerry does not "own the Heinz Corporation" ? she has no involvement whatsoever with the management or operations of the H.J. Heinz Company, nor does she own anything close to a controlling interest of the company's stock. According to Heinz itself, the Heinz family trust which Mrs. Kerry inherited sold most of its shares of Heinz stock back in 1995 and currently holds less than a 4% interest in the company
Moreover, the Heinz Company's operations are not an example of the type of outsourcing that is currently a hot political issue (i.e., sending out work to offshore companies to provide services which a company might otherwise have employed its own staff to perform). Heinz is a U.S.-based global business which sells its products in dozens of other countries, and like other food companies it has to localize some of its production at factories located in its foreign market areas. (It makes little sense from either an economic or a freshness standpoint to be shipping fruits and vegetables and/or finished food products halfway around the world rather than producing them locally.) One wouldn't expect, for example, every can and bottle of Coca-Cola sold anywhere in the world ? whether it be Australia, China, or Portugal ? to be produced by U.S. bottlers.)
http://www.snopes.com/politics/kerry/heinz.asp |
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