SSE 'on course' for £1.5bn profit

[SpontaneousOrder]

Laziest feedback ever. Just like a shareholder, desires all the rewards without the effort.

And that bit just cements your name in the economic ignorance hall of fame, forever.

[scooterscot]

And that bit just cements your name in the economic ignorance hall of fame, forever.

You really should go into politics.

[SpontaneousOrder]

You could claim to be a gold medal winner. That does not make it so. All mouth no substance.

This reminds me of working in the civl service. A bucket of water has more substance.

Quick google:

Basic Economics 4th Ed: A Common Sense Guide to the Economy - Thomas Sowell - Google Books


Oh look.. I've found an excerpt from the exact book I pointed to, regarding the exact topic I mentioned.

[scooterscot]

Quick google:

Basic Economics 4th Ed: A Common Sense Guide to the Economy - Thomas Sowell - Google Books


Oh look.. I've found an excerpt from the exact book I pointed to, regarding the exact topic I mentioned.

Were we not talking about the damage of shareholders?

Why are we now talking about stakeholders?

[SpontaneousOrder]

Were we not talking about the damage of shareholders?

Why are we now talking about stakeholders?

The current price price of shares in an enterprise is dependant on the perceived future value. Unless you're getting stonking dividends out, you want a the price to be good for when you sell - and people will buy them only if they think that the present price is good value in the context of a perceived future value of the enterprise.

The short-term and the long-term are inextricably linked (of course people make mistakes).

And with regards to shareholders wanting all the rewards for no effort...
don't know about you, but my money doesn't grow on trees. I have to labour in order to make it, and it's only the capital investment from those shareholders, who've laboured to be able to invest, that allows business to flourish in 21st century efficiency.

If you want to remove the sophisticated financial apparatus that exists today, then you should expect to live a standard of living similar to that of 200 years ago.