Design Con 2015
Breaking News
Comments
Newest First | Oldest First | Threaded View
<<   <   Page 2 / 2
fundamentals
User Rank
Manager
re: 2010 EE Times Global Salary and Opinion Survey
fundamentals   11/29/2010 9:32:31 PM
NO RATINGS
I would like to comment on the maxim “the principal function of a business is to make money for its owners and stockholders, and the people who find this objectionable are against capitalism.” I fully agree with this maxim, but a clarification is in order: the purpose should be to make the most amount of money in the next ten years (or depending on the product type you can substitute 10 years by X years, where X is larger than 3.) The sad fact is that most CEOs and CFOs are not at all interested in maximizing the total delivered value to the stockholders in a period of 10 years or so. They are interested in maximizing the profits in the next six months, or maybe a year. They are happy to do that even if they know they are running the business to the ground in the long term. In the short term, they collect huge stock awards and bonuses. In the long term, when things get sour, they blame our government and all other governments, they blame cheap foreign competition, and so on, and move on to another position. Then the vicious cycle repeats. I sincerely believe that the fundamental problem is not the globalization. The detrimental problem is the very narrow short term focus in terms of results. Today, many CEOs prefer to acquire successful small start-up companies by spending hundreds of millions of Dollars, instead of having taken the long term view several years back and having done the work in house for a tenth of the price. The financial markets reward this behavior.

<<   <   Page 2 / 2


Flash Poll
Top Comments of the Week
Like Us on Facebook
EE Times on Twitter
EE Times Twitter Feed

Datasheets.com Parts Search

185 million searchable parts
(please enter a part number or hit search to begin)
EE Life
Frankenstein's Fix, Teardowns, Sideshows, Design Contests, Reader Content & More
Max Maxfield

Book Review: Deadly Odds by Allen Wyler
Max Maxfield
11 comments
Generally speaking, when it comes to settling down with a good book, I tend to gravitate towards science fiction and science fantasy. Having said this, I do spend a lot of time reading ...

Martin Rowe

No 2014 Punkin Chunkin, What Will You Do?
Martin Rowe
1 Comment
American Thanksgiving is next week, and while some people watch (American) football all day, the real competition on TV has become Punkin Chunkin. But there will be no Punkin Chunkin on TV ...

Rich Quinnell

Making the Grade in Industrial Design
Rich Quinnell
13 comments
As every developer knows, there are the paper specifications for a product design, and then there are the real requirements. The paper specs are dry, bland, and rigidly numeric, making ...

Martin Rowe

Book Review: Controlling Radiated Emissions by Design
Martin Rowe
1 Comment
Controlling Radiated Emissions by Design, Third Edition, by Michel Mardiguian. Contributions by Donald L. Sweeney and Roger Swanberg. List price: $89.99 (e-book), $119 (hardcover).