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Old 05-06-2009   #7 (permalink)
the wharf rat


 
 

Re: MS in a hurry....

>>
Quote:
Quote:

>> In the long run, a company cannot maximize profits UNLESS people's
>> interests are satisfied.
This isn't true, by the way. Except in the trivial sense in that
you need to satisfy at least ONE interest. That interest is the
*stockholder's* interest in adequate returns. You can get those by selling
phlogiston futures to little old ladies, or by illegally manipulating
futures markets, or by selling parasitic financial instruments built on
optimistic algebra and lots of leverage. You still make money and you
still satisfy the one important interest.

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