Quote:
Originally Posted by Jeff Higgins
Prior to that, "blue chip" companies, like Boeing, played the long game, providing solid returns via dividends, not stock prices. It was an entirely different game in those days. I had the great good fortune of spending the first 20 years of my career in such a company, one that valued its reputation amongst its customers, and absolutely did not scrimp on quality in anything. I saw it. I lived it. It was far, far different than it is today. So, no, it most vehemently has not "always been this".
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That's a great model. For a privately owned business. Publicly traded? That won't 'fly' now. There will be a takeover, or a shareholder revolt. Maximize profits or GTFO.
We are going through it where I work. Solid engineering company run by technical people, but owned by a mega-corp. We are being sold off as a 'weak link', despite solid performance and good profit. We will be bought by cost cutters.