Originally Posted by Biorganic
@ Postaltwinkie: What you say is true.
The pursuit of maximal profit for only profits sake is really not beneficial. Does exxon need 16 billion in profits each quarter??? Wouldn't 10 billion be sufficient to remain enormously profitable, be able to do R&D, engage in emerging markets etc. At some point increased profits loses real tangible benefit. Pay your employees more, donate money, help fix this country that all the corporations, bankers, insurance companies, pharmaceuticals have raped in the last 20 years. Apple nor exxon and many others do not need 100 quadrillion dollars. It helps nobody. Except 5-10 Ceos/bankers.
OT: Sweet News!
This is essentially the point I am getting at, there is a level were the ROI flattens out and even can become detrimental.
Using the oil industry as an example; One of the major expenses for the average American is their monthly cost of fuel. There are very few of us that do not have to account for it. With fuel hovering around ~$3.50 a gallon, and the oil industry turning record profits, were those profits truly worth it, when looking at the nation as a whole? Using the above numbers as purely an example, how much better would people have been off if the industry turned a 10 billion per quarter profit, instead of 16, but the average Joe only had to pay $2.25 a gallon for fuel?
I know that for many people that $1.25 per gallon difference would translate to a $100 or $200 a month in savings, which could have gone towards other expenses, or even back into the economy via shopping. A $1.25 per gallon less on fuel would translate into thousands in savings for my company, which I would then be able to turn back into the company and the employees. It could go to network upgrades, expansion, employee pay raises and bonuses, etc.
I will say it again, there becomes a point when profits simply aren't worth it in the long run, and with the exception of a very select few at the top, are detrimental to the rest.