The scary thing is that American Law (and most of the first world) basically dictates that companies MUST seek profit before all else. It would be illegal for many companies to take action that did not benefit the shareholder in a year over year type way and the way that benefit is measured is almost totally by profit (and/or market share) measures only.
Many an old timer type CEO has been squeezed out because they were not (allegedly!) hip enough to these 'new realities' of making money.
It is stupid.
And don't even get me started on CEO pay....
Claeren.
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