Getting the best return for shareholders

NY Times:

How U.S. Lost Out on iPhone Work


Apple’s shift of its manufacturing work overseas poses questions about what corporate America owes Americans.
Companies have a fiduciary duty to their shareholders to get them the best return on their investment that is possible.  That means getting their products made at the best price.  Even with its low cost labor, the iPhone is still one of the most expensive phones on the market even with the two year payout with a service contract.  With competing phones using Asian labor, Apple would be at a disadvantage if it did not do so too.

American labor has a tendency to price itself out of the market.  It really needs to become more competitive or more efficient.

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