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C0RI0LANUS

(2,478 posts)

18. Would Japanese ownership of US Steel been bad?

Reply to NYC Liberal (Original post)

Fri Jan 3, 2025, 10:53 PM

Jan 3

"Presidents of Japanese blue-chip companies are paid only around 10-20 times the salary of the lowest paid worker, whereas at Fortune 500 CEO can earn anywhere from 300-500 times a junior employee’s salary."

Source:

https://japanintercultural.com/free-resources/articles/japanese-acquire-western-company-compensation/

US and Japan are military and economic allies facing a powerful Chinese military and economy.

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18 replies

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Highlight:

Biden decides to block U.S. Steel sale to Japanese buyer [View all] NYC Liberal Jan 2 OP

Good! montanacowboy Jan 2 #1

Mike Pompeo was Nippon's chief lobbyist so you know it was a bad thing! displacedvermoter Jan 2 #2

Trump opposed it too, why not let him do it and take the heat? Now if is doc03 Jan 2 #3

What he says and what he does are very different NYC Liberal Jan 2 #4

Bill Clinton rightfully owns NAFTA I fear displacedvermoter Jan 2 #5

Yep GHWB couldn't get it passed. Then Clinton took the ball and ran with it, the Republicans doc03 Jan 3 #12

Deserved, although efforts made by Joe Biden displacedvermoter Jan 3 #14

What heat? Polybius Jan 2 #7

Clinton pushed through the Republican NAFTA, Republicans have used that against us for decades. nt doc03 Jan 3 #11

or maybe Dems will get the credit MadameButterfly Jan 3 #9

Awesome! Polybius Jan 2 #6

From the NYT: mahatmakanejeeves Jan 3 #8

Big, big mistake Deminpenn Jan 3 #10

I worked all my life in the steel industry, who buys US Steel if Nippon doesn't Cleveland Cliffs doc03 Jan 3 #13

Honestly don't understand why Biden Deminpenn Jan 3 #16

Embarassing and short sighted. Japan is one of our closest and most important allies. mathematic Jan 3 #15

A very dumb move - regardless of what some people think the US cannot exist alone walkingman Jan 3 #17

Would Japanese ownership of US Steel been bad? C0RI0LANUS Jan 3 #18