Quote:
Originally Posted by RetiredSFC 97
Actually corporations are supposed to make money for the corporation. Stock holders are gamblers, they owe them nothing.
This is the same entitlement mentality that's ruining this country. It used to be a company made a widget that filled a need and created profit. Now it's about selling a widget to make money for gamblers.
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this is very true for many large corporations/companies.
I has a conversation w/ a top brass member of a large home builder several years ago.
He informed me...in no uncertain terms, that the goal is not to profit beyond NOI. The goal was to deliver as many units as possible, as to remain at the top of the: "America's largest home builder" game.
This, was what drives the stock prices. and stock prices was the ultimate goal.