wolf359 opened this issue on Jul 15, 2010 · 16 posts
ockham posted Thu, 15 July 2010 at 9:07 AM
Indeed interesting, but he missed one distinction near the end. Companies that
operate on a profit motive will generally do the "right thing", because failing to
serve the customers decreases profit. But most big corporations today DO NOT
operate on a profit motive. Their goal is to increase share price. This is almost
completely disconnected from actual performance, product quality, and service
quality. The stock market moves partly on pure emotion, partly on maneuvers
by insiders.