So what happens when a company ignores being a POTUS target? Do they fail? Do they lose profit? Or do they move along and just keep on keeping? – PB/TK
A company under Trump attack makes a bold move: It repeatedly ignores him – By Danielle Paquette / May 19 2017
For five months, a Midwestern manufacturer has been ignoring the president of the United States’ crusade to save jobs — and getting away with it.
In a conference call with investors this week, Rexnord Industries reaffirmed its decision to go ahead with a business plan President Trump has condemned in a set of blistering tweets.
“Rexnord of Indiana made a deal during the Obama Administration to move to Mexico,” Trump tweeted on May 7. “Fired their employees. Tax product big that’s sold in U.S.”
Eleven days later, on the phone with shareholders, chief executive Todd Adams showed little sign he cared.
“We’ve essentially completed the last plant move, and we’re currently focused on bringing the last pieces of equipment on line,” Adams said on the call Thursday. The company’s business strategy, which was two years in the making, was beginning to deliver results, he went on. “We’re definitely on track to hit our goal of $30 million in annualized savings,” Adams said.
Rexnord, which is based in Milwaukee, had avoided the spotlight for nearly 30 years. Under the White House’s intense glare, it has not changed course in its plans to shut down factories in the United States and move jobs to Mexico.
Continue to msn.com article: http://www.msn.com/en-us/money/companies/analysis-a-company-under-trump-attack-makes-a-bold-move-it-repeatedly-ignores-him/ar-BBBjktb?li=BBmkt5R&ocid=spartanntp
