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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (409275)	2/7/2011 5:49:07 PM
From: Bill	1 Recommendation Read Replies (1) \| Respond to of 793913

Obama wants to screw the shareholders now? Obviously this man and his speechwriters have a troubling ignorance of economic principles.

To: LindyBill who wrote (409275)	2/7/2011 6:05:36 PM
From: Whitebeard	2 Recommendations Read Replies (1) \| Respond to of 793913

He's killing the heart of America, changing its story. It's their stranglehold on education, especially elite education, that's letting them get away with it. They're just waiting for us to die off.

To: LindyBill who wrote (409275)	2/7/2011 7:09:07 PM
From: Bridge Player	4 Recommendations Read Replies (2) \| Respond to of 793913

People need to be told that it's the business of the CEO to maximize his profits. Yes, LB, in a general way that is true, and I don't necessarily disagree with it. However the story may be more complicated than that. And it's not just a matter of the differences between long-term profits and short-term profits, often the subject of debate among managements. I have always believed that corporations in general (smaller companies or small business enterprises perhaps less so) have 5 different constituencies to satisfy. I rank them in a possible order of importance, thus: Stockholders Employees (perhaps tied, 2nd and 3rd) Customers (perhaps tied, 2nd and 3rd) Vendors Communities in which they operate Furthermore, it is my firm belief that the most successful corporations are the ones whose policies make those compromises that are necessary in order to best serve all of these, while never losing sight of goal No. 1. And compromises they most surely are. While corporate policies broadly may serve to satisfy all of these, when you get down to the nitty-gritty there are going to be lots of cases in which these objectives are in conflict. It's no great stretch for any thread reader to visualize dozens of situations in which the interests of one or more of these constituencies may have to be somewhat compromised. Successful CEOs (and the rest of the management team as well) somehow find a way to work through the inherent conflicts.