said by tmc8080:
There's something called OBCENE profit margins.. and this began with the OIL and Banking industries in recent memory.. before that it was the railroads.. judging by the rate hikes proposed in NYC it will be the railroads all over again.. go figure (full circle)
Verizon's net profit margin in 2011 was 2.2%.
The New York commuter railroads are subsidized to the tune of roughly 50% of cost, i.e., they have a profit margin of roughly -100%.
If you think that's obscene, then I'm not sure what isn't.