Linked by Thom Holwerda on Wed 4th Apr 2012 22:22 UTC
Google Interesting, if not inherently flawed, article by Farhad Manjoo. "Honan might be right that Google has violated its own definition of evil, but doesn't it matter that every one of its rivals also routinely violates Google's definition of evil?" I say flawed, because I value promises more than anything. Google has done things recently that break their initial promise. That sucks - there's no way around it. I do love Gruber's take, though: "It's not that Google is evil. It's that they're hypocrites. That's the difference between Google and its competitors." In other words, it's perfectly fine to be an evil scumbag company, as long as you're not claiming you're not. That's a rather... Warped view on morality.
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RE[2]: Well...
by moondevil on Thu 5th Apr 2012 08:17 UTC in reply to "RE: Well..."
moondevil
Member since:
2005-07-08

This is quite true.

Somehow people fail to understand that in a capitalist world there are no good or bad companies.

A good company is one that makes the shareholders happy, that is it.

At the end of the day what counts is the quarter report.

A company is only nice for the customers to the extent that happy customers means more money. That is all.

Reply Parent Score: 3

RE[3]: Well...
by UglyKidBill on Thu 5th Apr 2012 14:02 in reply to "RE[2]: Well..."
UglyKidBill Member since:
2005-07-27

This is quite true.

Somehow people fail to understand that in a capitalist world there are no good or bad companies.

A good company is one that makes the shareholders happy, that is it.

At the end of the day what counts is the quarter report.

A company is only nice for the customers to the extent that happy customers means more money. That is all.


That is "a good company for the shareholders", but people has every right to long for companies that are also "good for Society" (or at least not bad for it).
When companies are clearly bad for society there should be a government ruling to create limits and balance.

This might be utopic nowadays, but letting our culture absorb this concept that the companies have the right to do anything they please in the name of (their) profit takes us in the wrong direction.

Obviously companies are not good or bad in the sense that they are not living, willing entities, but they are driven by good or bad people taking good or bad decisions, and those decisions include not only economic and commercial choices, but also moral and ethical ones.

Capitalism is what we as a society make it or allow it to become.

OTOH, reallity is as you describe it and we┬┤re doomed already....

Reply Parent Score: 3

RE[4]: Well...
by moondevil on Thu 5th Apr 2012 16:42 in reply to "RE[3]: Well..."
moondevil Member since:
2005-07-08

I share your view, but I fear it might not happen in our lifetime, sadly.

Reply Parent Score: 2

RE[3]: Well...
by TemporalBeing on Thu 5th Apr 2012 19:07 in reply to "RE[2]: Well..."
TemporalBeing Member since:
2007-08-22

This is quite true.

Somehow people fail to understand that in a capitalist world there are no good or bad companies.

A good company is one that makes the shareholders happy, that is it. At the end of the day what counts is the quarter report.


Well, that partly depends on how the stock is setup; but yes - your are right when taking the POV from the perspective of the shareholders which all too many CEOs think they are laden to.

Some CEOs can and do refuse that outlook and tell the shareholders that it's not about the quarterly or year to year, it's about the long term, and ultimately what is good for the companies long term health is good for them. Warren Buffet is one such executive; so you can't say it isn't more profitable.

A company is only nice for the customers to the extent that happy customers means more money. That is all.


Happy customers will nearly always mean more money - until you go to giving them more than you take in, in which case they'll be happy at your expense. The trick is to find the balance.

Ultimately, no matter how many share holders you have, or what your stock price is, etc - a company is nothing without its customers. It lives only because of its customers; though it can die by either customers, management. or shareholders (really management).

Reply Parent Score: 2