Michael,>>Why these people never think of what their incentive systems might achieve amazes me.
Well Michael what can I say. They get what they deserve. I agree with your value system, that it is the long haul that is important and use your money to insure this future. Some companies never make it because of bad management, pure and simple. Penn Central comes to mind. Now my grandfather bought stock in every company he did business with. He was a relatively large farmer and bought John Deere, Ford, Delco, GE, Standard Oil, AT&T, to name a few. His grandchildren and great grandchildren are reaping these rewards. Now he started that practice close to 100 years ago. These guys are still around and will be around for a while, in one form or another. BTW, every acre of land he owned is still in the family.
Now, I personally would not buy IBM today to pass on to my children and grandchildren (If I ever get one.<ggg>) because IBM will not be around if they keep on playing this silly short term game, or some poor CEO is going to go through H**L to save the company someday. BTW, I don't use their products either.
Joan |
