Quote of the Day – Capitalism Edition
“Capitalism isn’t about having the biggest bottom line for the current quarter. Capitalism is about individuals busting their asses to maximize value for shareholders. Sometimes you have to look at the bigger picture in order to reap the biggest returns. Not all rewards are short term.” – Mark Cuban
That’s the bottom line of a post arguing a point Dave Schuler has been making frequently on OTB Radio and on his own site: That companies who are in good shape should not be cutting their workforce right now just because times are bad and doing so will be rewarded in today’s stock price.