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That is a direct quote from the article. The article states $36B as well, not $360B. "None of this helps the image of big business. Paying tax seems to be una
by nonameface 10y ago
That is a direct quote from the article. The article states $36B as well, not $360B.
"None of this helps the image of big business. Paying tax seems to be unavoidable for individuals but optional for firms. Rules are unbending for citizens, and up for negotiation when it comes to companies. Nor do profits translate into jobs as once they did. In 1990 the top three carmakers in Detroit had a market capitalisation of $36 billion and 1.2m employees. In 2014 the top three firms in Silicon Valley, with a market capitalisation of over $1 trillion, had only 137,000 employees."
- sharemywin 10y agoI look it up Ford, GM had sales over 100B that year. assuming maybe Toyota as the 3rd.
- Eridrus 10y agoMaking cars is pretty capital intensive; Ford's Market Cap in 1990 was in the ~20bn range depending on what point you look at.
- hx87 10y agoMarket cap tends to be much lower than revenue for capital-intensive industries. Factories, machine tools, and steel cost a lot of money, after all.
- AnimalMuppet 10y ago> assuming maybe Toyota as the 3rd. Chrysler.