said by Transmaster:
Wow all that money for such a pile of bird quano.
Corporate leadership is rarely innovative - they all attend the same seminars by the same consulting firms. And my experience over the last 40 yrs is that they ping pong between 2 extremes based on whatever business philosophy the consulting firms are currently pushing.
On one end is the diversification philosophy
- have your fingers in a lot of different pies so that if any piece of the conglomerate is down, the others will cover for the part having problems.
On the other end is the "core competency" philosophy
- do ONLY what you do best and sell off or outsource the rest. Meaning an ISP should only do that and nothing else.
So Comcast is currently in the diversification philosophy which apparently is making shareholders happy. A lot of Comcast's customers and the chattering activists want them to be in a "core competency" phase.
But don't worry, eventually those in the diversification phase get to the point that they become ever more inefficient trying to manage such a large enterprise, and stockholders get unhappy at lower marginal returns. New mgt comes in and starts moving the company in to the "core competency" phase as they sell off underperforming parts of the company. The company becomes more efficient; returns improve and shareholders are once again happy.
Rinse & repeat over and over again.--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.