Brazilians call Sunoco foolish

[eldondre]

Chemical giant Braskem S.A. spent nearly $700 million in the last 12 months buying polypropylene plants (they make basic material for cups, auto parts, tape, diapers) in Marcus Hook and other U.S. and European cities from Dow Chemical Co. and Philadelphia-based Sunoco Inc...She was presenting me a project, a $300,000 investment, with a return of maybe $4 million or $5 million...At Sunoco, I had to go through the capital-expenditure...Comparing Philly to Sao Paulo: "It's easier to do business here," Mendonça said. "It's a very livable city. Plus the U.S. is cheap now. I came with a very small suitcase. I can furnish my Philadelphia house more cheaply than in Brazil."...Cruising the several U.S. state offices that compete for Brazilian companies' attention, Mattiazzi found Pennsylvania trade rep David Brill the "most attentive" among his U.S. rivals. Brill pointed Ci&T toward the Keystone Zone tax break district and start-up incubator at the University City Science Center, and that's where Mattiazzi started.

But when it was time to grow, Mattiazzi found cheaper space and lower taxes in King of Prussia

Read more: PhillyDeals: 3 Brazilian firms set up shop in region | Philadelphia Inquirer | 10/23/2011
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[3rd&Brown]

The current goal of Sunoco's CEO is that it becomes a company that makes nothing and no longer exists. To her, that is how she is going to achieve the "highest return" for shareholders. Yet another example of a morally bankrupt executive who has no respect for history or innovation. The trajectory of Sunoco over the past ten years is nothing short of tragic.

Let's give the chap another tax cut. She sure is earning her keep.