 Rogue WolfAte Your Homework, And Framed The Dog
join:2003-08-12
Troy, NY | reply to jebba2005
Re: He's right Y'see, I know that there are a lot of interests riding on stock prices. I'm not honestly saying "screw the shareholders". The problem is that people like Mr. Moffett see stock prices as the only worthwhile concern for companies- never mind such things as investing in future technologies, improving customer service or increasing employee compensation. This ilk sees customers as nothing more than a money spigot, and believes that all businesses should extract maximum costs for minimum effort and shunt every last dime into dividends to boost up stock prices, so that people like Mr. Moffett can make fortunes playing those stocks on the market.
As for the customers... in effect, Mr. Moffett is saying "screw them". That's people like you and me, friend.
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