Posted by Dean on December 30, 2014 at 07:27:36 from (73.168.146.140):
In Reply to: Re: AGCO rant posted by MarkB_MI on December 30, 2014 at 04:30:25:
All of the above, Mark.
"...[A]ll-too-common mistake of sacrificing the company's long-term profitability in favor of short-term gains. That's what shareholders want. And that is why China has been eating US corporations alive: the Chinese think in terms of decades, not quarters of fiscal years."
Bingo.
There are other reasons, of course, but sacrificing long-term viability for short-term results is endemic in the US (not only the US) and has been since the twenty year aberration following WWII.
Why? Look at the reward system used by business (and government) for the obvious reason.
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