On the recordSeptember 7, 2004
I always find it of interest when a prominent member of corporate America steps forward to offer a refreshing perspective on the economic challenges our country faces today. To that end, I would like to call the Senate's attention to two pieces of commentary written by Leo Hindery, Jr. and published over the summer recess. Mr. Hindery, as many of my colleagues are aware, has served as the CEO of TCI and AT&T Broadband, and more recently as the chairman of the YES Network. He has a keen understanding that corporations have obligations both to their shareholders, but also to the communities in which they operate, and the American economy they fuel. Mr. Hindery's first piece is on the subject of outsourcing, and he argues that offshoring of jobs is not inevitable, nor is it often the best long-term strategy for American companies. His second talks about the need to see through the sky-is-falling claims of some interest groups and weigh both policy and electoral decisions on a simple standard--what is the best thing to do, not just for a few who are well-off and well-connected, but for the economy as a whole?
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