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Motorola had 150,000 employees in 1997. In that same year, Chris Galvin sent an email to all employees urging them to contact congress to enact "most favored Nation trade status" for China. Now Motorola is down to 17,000 employees, and it's flagship business of cell phones is owned by China. (www.govinfo.gov)
posted ago by Fuchtard ago by Fuchtard +472 / -0
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– Orwellthatendswell 6 points ago +6 / -0

Segway spent $100 million in research to make its transporter. Chinese rivals stole their IP and put them out of business by undercutting them, because they didn't have the same overheads or sunk costs.

Ninebot, one of those Chinese firms, eventually bought Segway for pennies on the dollar.

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