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It is hardly greedy for a company to pay dividends. Remember that many retirement funds and some individual investors depend on dividends like this and that ce
by timwiseman 16y ago
It is hardly greedy for a company to pay dividends. Remember that many retirement funds and some individual investors depend on dividends like this and that certain types of funds will be required by their charters to sell a stock that ceases to pay dividends.
- bhiggins 16y agoRemember some people relied on the gulf for their livelihoods.
- timwiseman 16y agoVery true, and what has happened to the Gulf and those people around it is absolutely tragic. The environmental damage is astronomical in addition to the economic damage. Further, I agree that BP should pay for it fully, and that doing so will (and should) affect those who invested in it. With that said, paying dividends is simply not greedy. It is rewarding and supporting those who invested in them, including retirement funds and individuals, many of whom rely on those dividends that have been quite stable for some time now. Treating your shareholders well is simply not greedy.
- tptacek 16y agoPeople who invest in companies aren't entitled to a reliable return. They earn returns by accepting risk. When you invest in a company that funds and coordinates offshore oil drilling the in Gulf of Mexico, you accept the risk that failure to comply with safety standards will cost you all of your returns.
- DarthMark 16y agoIt's sad that some investors & retirement plans will get hit... On the other hand, when you invest in a company, you're not just getting a share of the profits, but you also get a share of the liability as well.