Top 10 James Surowiecki Quotes
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By the time of the '90s boom, CEOs had become superheroes, accorded celebrity treatment and followed with a kind of slavish scrutiny that Alfred P. Sloan could never have imagined.
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.
If you thought the advent of the Internet, the spread of cheap and efficient information technology, and the growing fragmentation of the consumer market were all going to help smaller companies thrive at the expense of the slow-moving giants of the Fortune 500, apparently you were wrong.
The reason advertising is governed by fear, after all, is that most agencies rely on just a few clients to bring in the lion's share of their revenues.
In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.
What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.
You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.
Instead of mindlessly tossing billions at or taking billions from the Net as such, investors should be spending their time making sure that it's the future Fords and General Motors of cyberspace that are getting the capital they need.
In confusing stock options with ownership, corporations confuse trappings with substance.
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Today's Quote
The official Hamas charter calls for the murder of Jews and destruction of the Jewish state.
Quote Of The DayToday's Shayari
हमने हमारे इश्क़ का, इज़हार यूँ किया,
फूलों से तेरा नाम, पत्थरो पे लिख दिया !!
Today's Joke
टीचर- अगर तुम्हारे पास 15 सेब हों, जिनमें से 6 तुम मीना को दे दो,
..4 सोनिया को दे दो...
Today's Status
Evening is the time for peace, Where there is no tension to cease, On this evening, I want to wish...
Status Of The DayToday's Prayer
Lead me to trust in your goodness and mercy for the rest of my life. Train my heart to live...
Prayer Of The Day