A Quote by John Layfield
You look at right-to-work states: a lot of car companies are relocating down to the South so they don't have to deal with the unions or the legacy cost or any of those things, and that's what manufacturing's done.
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I love that we are one of the least unionized states in the country...We don't have unions in South Carolina because we don't need unions in South Carolina...And we'll make the unions understand full well that they are not needed, not wanted, and not welcome.
I still feel like there are so many things that I have to do to really become an icon. I've done a lot and laid down a lot of groundwork, but there's so much more work to be done. There's a lot more that I want to do, LGBTQ centers that I want to open. After I leave my legacy, then I will be that icon.
People that live in the Northeast are leaving the Northeast for a whole host of reasons. They're relocating in Southern states and Midwestern states - no-income-tax states, milder climate states - and it's affecting the balance of power in those states.
The unions and the auto companies have been unable to put a deal together that fundamentally restructures the industry. It needs to get done. The only way it's really going to get done is in bankruptcy court. They should have done it six months ago they should do it now.
The economic situation, the high cost of undertaking manufacturing, the supply chain - which is, by the way, dying out also as manufacturing undergoes hardship - make the U.K. not the first place you would look at to make a manufacturing investment.
Canada, the United States and Mexico, we developed these energy reserves that we have in this North American region. And you can see a not only driving down the cost of electricity but a major manufacturing boom in this country. Couple that with tax policy, reduction, reducing the corporate tax rate, and that I think a renaissance in manufacturing like we've never seen in this country and really drive the economy.
Look at Germany where 20 percent of the labor force is in manufacturing compared to about 8 percent in the United States. Germany pays a lot more conscious attention at the level of the federal government to attracting and keeping manufacturers in Germany. So this is something that other countries do that the United States has not historically done.
As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?
I made 'Super' for $3 million, and that was filmed in 24 days. And that $3 million dollars went to a lot of things other than what shows up on screen. Once you get done with the unions and everything else, that's just, like, the basic cost of what you can make a movie for.
It's always been jewelry, clothes, appearance. Those are things that compete with the car. But the car is the ultimate. Get that car right and it doesn't matter what you got on or what you wear once you step out of that car.
There is no business in the world - I don't care what it is, whether it's I.T. or manufacturing - that does not have what I may refer to as a blended resource base. You have high-end work. You have engineering work. You have some local knowledge you require. Then, you have some very low-cost work to be done.
You could look at people in India and say we are manufacturing the cabin that is going to be a part of the U.S. President's helicopter. That's a pretty big deal, right? There are 11 other heads of state who we support, but the fact is, to me, it's a very large deal.
Some countries were able to turn their manufacturing operations into advanced technology areas. South Korea is a great example of this, and manufacturing there is done using advanced technological methods.
One of the things I'm most proud of over the years, is time management and balancing family and work. Everyday, you just look at what needs to be done and do that, what needs to be done. That includes the idea that family is first, kids are first and when you're with the family, put the phone down, look them right in the eye.
A lot of the car companies are understandably looking at the terrific job that Toyota has done by partnering with NASCAR and the success and all the things that come along with that. They've been an incredible success story for a car manufacturer looking to come into a sport that's very difficult to come in, compete and win every weekend.
I look at Boston-based companies all the time... There's certainly great companies in Boston. If the deal makes sense on the merit of the deal itself, we'll go and do the deal.
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