Another Pig at the Trough

Jason Stein and Rick Romell report Foxconn: Glass maker could want hundreds of millions of dollars to locate alongside massive Wisconsin factory:

To locate in Wisconsin, a key glass supplier to Foxconn wants financial help from the Taiwanese electronics giant or state taxpayers that could run into the hundreds of millions of dollars.

Corning Inc. chief executive officer Wendell Weeks said last week that his company wanted to “keep 100% of revenues and profits” but pay no more than one-third of the cost to site a glass plant alongside Foxconn’s LCD plant.

“If our customers want a leading player in the display industry to be with them, then they’re going to need to subsidize that for our shareholders,” [Corning Inc. chief executive officer Wendell] Weeks said.

Good luck, gentlemen.

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Previously10 Key Articles About FoxconnFoxconn as Alchemy: Magic Multipliers,  Foxconn Destroys Single-Family HomesFoxconn Devours Tens of Millions from State’s Road Repair Budget, and The Man Behind the Foxconn Project, and A Sham News Story on Foxconn.

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