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I think this is terrific news. A publicly traded company has only one goal: increasing short term profit (max one year). Thus, no long term investment is possib
by Derbasti 13y ago
I think this is terrific news. A publicly traded company has only one goal: increasing short term profit (max one year). Thus, no long term investment is possible any more.
Buying Dell back enables them to think long and hard about the future of computing--to invest into the future. This makes me very hopeful that my next computer will be a Dell: A well-designed machine that was not just a marketing-driven reaction to what the others were doing, but a result of thorough engineering and thoughtful design.
- tadfisher 13y agoThat is not true, and HN continually rehashes this argument. There is no law or standard that a public corporation must maximize short-term shareholder profit.
- Schiphol 13y agoThere certainly is no law, and I'm not sure what you mean by standard. But if you work at any number of such corporations you will notice there certainly is a robust trend.
- samolang 13y agoAmazon's one goal is to increase short term profit?
- dvmmh 13y agoAmazon is the exception. Bezos is very smart in training investors to look at the value of their investment in other ways and that company profitability is NOT one of them. In the majority of corporations the pressure is immense to be profitable, stay profitable and increase profitability. Very few CEOs/BODs have the backbone to resist that.
- samolang 13y agoDo you have any evidence to support this claim? Why does Microsoft Research exist? Why is Google sending balloons over New Zealand? Why does Costco pay their employees above minimum wage?