anti-Ralph petition

[Max Sawicky]

>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

A little.  It seems totally unlikely that conditions
on the ground, so to speak, have caused the future profits
that one could legitimately anticipate to fluctuate in the
same way as share prices.  Ergo the latter are not premised
on the former, ergo managerial behavior premised on maximizing
share value is not premised on profit maximization.  Checkmate.

mbs