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You are assuming the publishers got LESS from Amazon for the Kindle version of the books than they did the HB version. If that is the case then I can see your point, but I don't believe this is so. I could be wrong. Amazon pays contracted price per Kindle version sold, no matter how much Amazon sells to the public for.
Yes, the publishers ARE being greedy, when they could lower the price a little and sell MORE books. Then, once the pbooks come out lower the electronic price even more. But they don't want to do that. They want to whine and moan that making electronic versions is SO much work, and they can't make any money on them.
If the publishing industry was in trouble before then maybe they need to look at their practices, and maybe see electgronic publishing as a savior. Remember, insanity is doing what you have always done and expecting to get different results. Publishing is trying to get different results by using the same tactics, when the market has clearly changed.
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