There is a difference between 'unbridled greed' (as a Gordon Gekko character in 'Wall Street') and good business practices.
Unbridled greed encourages CEOs to line their own pockets while throwing their shareholders to the wolves. It means bald faced lies, cooking the books and leaving the mess for chance, the future managers, and in the most recent case the taxpayer to wipe their behinds.
Good business practice requires that you stay current in your business, not turn a blind eye to problems, be open and honest with your shareholders and do the sometimes unpleasant to maintain the integrity of your business, the people that work for you, your shareholders and ultimately, the taxpayers.
Good business models : CHK FCX AAPL DNA Bad business models : AIG BAC GE SHLD
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There is a difference between 'unbridled greed' (as a Gordon Gekko character in 'Wall Street') and good business practices.
Oct 25 19:55 pm
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All Comments by Urbane Gorilla! »Why We Need Greed [View article]
Unbridled greed encourages CEOs to line their own pockets while throwing their shareholders to the wolves. It means bald faced lies, cooking the books and leaving the mess for chance, the future managers, and in the most recent case the taxpayer to wipe their behinds.
Good business practice requires that you stay current in your business, not turn a blind eye to problems, be open and honest with your shareholders and do the sometimes unpleasant to maintain the integrity of your business, the people that work for you, your shareholders and ultimately, the taxpayers.
Good business models : CHK FCX AAPL DNA
Bad business models : AIG BAC GE SHLD
jegan ;-)