A Sense of Purpose
RE: " This company has got to get respect from the institutions again and they have not and are giving no indications whatsoever that they are dong so. I am just quite disgusted because they have so much going for them from the development point of view but they need to Smooze with the real players which are the institutions. My gut feel is they are being a little too arrogant with there expertise and not being diplomatic about getting volume investors." Mike Sesan.
Right On!:
No mater how you put it, the focus of every proper management decision gets back to Prime Principle Number One:
The purpose of management is to Maximize Shareholder Wealth.
Cut the salami any way you want to, this is what everything comes back to if it is being done right. Pleasing customers, producing good products, or helping old ladies across streets are only incidentals, unless that is what it takes to maximize shareholder wealth.
I think I, for one, need to be sold on the idea that false modesty and aloofness is such a compelling virtue that it will ultimately maximize shareholder wealth. If management were to attempt to show us how it could work for us, I think we would be all be good listeners. But, I don't think that is going to happen, because in retrospect, management knows now of its glaring PR shortcomings.
As a share holder, everything is quite clear to me. If management is shy, modest, or inexperienced on this point and remains reluctant, then we simply get new management. There is no other way to look at it. After all, who is ultimately responsible? Management? No, we are. To the extent that we own its shares, TDFX is our company.
Hal
PS: Every day, management has the choice of managing the firm to either make the hard decisions that maximize shareholder wealth, or to just have a nice day. I say, what good is all that hard work without its well deserved reward. HR |
