Re: Privatization is the answer

Posted by
DA Morgan on Jan 16, 2002 at 15:10 (

Re: Privatization is the answer (bobbapink)

Nonsense. Take a good look at corporate structures in the US and around the world. No corporation manages its resources for the long-term. Governments do occassionally (for example trying to stretch out revenues from natural resources) but not corporations. All that matters is the next quarter's P/L statement.

And that is not necessarily wrong from the standpoint of the corporation and its stockholders. Management has a fiduciary duty to do this. However that fiduciary duty does not extend to the product ... or the customer.

You talk the talk. But reality does not walk the walk. If a good look at the NYSE, NASDAQ, and SP are any judge.

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