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Amazon doesn't pay dividends, so the magnitude of profit has no direct relevance to shareholders. So if it won't harm the shareholders ( most of whom are secon

Amazon doesn't pay dividends, so the magnitude of profit has no direct relevance to shareholders. So if it won't harm the shareholders ( most of whom are secondary-market holders and thus not investors ) why not what is morally right versus technically right? Isn't that what we ask engineers to consider before working for ad networks, for example? Why does that not scale to companies?

whatok 8y ago
Whether a company pays a dividend or not has no relevance to whether profit should matter to an investor. I'm not sure what you're trying to make a point about here. Additionally, I'm not sure what your point about "secondary market holders" vs "investors" is about either. Would you mind clarifying these?
- JetSpiegel 8y ago
  > Whether a company pays a dividend or not has no relevance to whether profit should matter to an investor. What? The point if owning stocks is receiving dividends, otherwise it's just speculation. Without dividends, you can only realize gains by selling to someone else, turning the whole thing into a Ponzi scheme.