>Max Sawicky wrote:
>
>>But profit maximization and shareholder value are not
>>the same thing. Seems to me the disconnect between
>>motivations and profit maximization is as strong as
>>ever, albeit in different forms.
>
>Maximum s/h value = maximum profit growth over the short to medium
>term. What other motivations are there?
>Doug
>
>seems a little imprecise. and what about
>animal spirits?
Animal spirits can add to valuations. But if the firm misses its profit projections, watch out below. Haven't you been following the stock market for the last 6 months?
Doug