[extropy-chat] Depressing Thought. from Laurence of Berkeley

[Samantha Atkins]

On Sunday 09 November 2003 10:27, Harvey Newstrom wrote:
> Samantha Atkins wrote,
>
> > This is too simplistic.   Too many corporations are about
> > making the maximal money for their stock holders.
>
> I even doubt this sometimes.  Many corporations are about swindling the
> stockholders and making a few criminals at the top richer.  All of the
> money-market scandals, accounting scandals and dot-com busts are examples
> of corporate officers making themselves rich while maximizing losses for
> their corporations and stock holders.


With all due respect a lot of the dot-com-busts were not about greedy 
executives, at least not in the first instance.  The market itself, and those 
who maintained and pumped it, was at fault.  Most execs at most attempted to 
cash in.  In actuality the game of the money investors had to be played to 
produce at all, even if the game was insane.

- s