Originally Posted by
superangrypenguin
If you believe a publicly traded organization's job is not to maximize short term shareholder value,
So short term gains are all that matter, even if it puts the long term survival of the company at risk?
I'm not holding them up as a great example of management, but since CP just issued 100 year bonds, they clearly are thinking long term and not just next quarter.
Frankly any comany that is only thinking of next quarter's results and lets the remainder of the year take care of itself would never by on my buy list.
SAP, do you run your personal finances the same way? Think of next pay cheque with no thought to years out? No RSP's I'm assuming since you are maximizing today's return and not 30 years away? Nothing stashed away for unemployment because you could use that money today?