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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (9711)	11/7/2002 3:21:09 AM
From: Sig	Read Replies (1) \| Respond to of 13815

PB:<<< Can U.S. companies, with the ability to borrow money at effectively 0% percent interest, make money?>>> They can make money and wages for management and workers - shareholders come last The airlines are an example of losing money and continue to exist. During their entire existance, have on average, lost money for shareholders and still doing it today. Despite considerable government support in the way of providing airports, training (via Military service). traffic systems, and I believe the 10% tax inplemented just after WW2 is still in effect. You can understand why by recognizing that most people rise to exceed their level of competence. It is well known at Boeing that If one has not "made it" into managment by age forty his career is going nowhere. ( unless you were born on company property) In fact after the 747 was designed , they hired an outsider to come in and head up the project Lucky for Us, Michael Dell has a few years to go before reaching 40, and Bill Gates has shown great wisdom in resigning some company functions and gone back to his chosen design field where he really excells. That being the case(with managers exceeding their competence level) companies losing money often hire an outsider to turn things around, Like Mr Eckhard at Compaq. Followed by Carla, to be followed by? Overall then, if a company is losing money, bringing in an outsider or turnaround specialist can be a great plus for shareholders. Sig