Quote:
Originally Posted by latepaul
I'm not sure avarice applies to companies. As someone else said it's not a moral thing it's business. In a capitalist society we want companies to make as much money as possible. I certainly want the company I work for to do well. I really want the companies my pension fund invests in to do well. If I discovered that they had an opportunity to make more money - legally - but chose not to because they didn't want to be "greedy" I'd be disappointed about that.
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I don't agree. I think we want companies to be reasonable about their profits. Case in point was South Africa. Many companies decided (under pressure, true) to forgo profits from investing in South Africa in the interest of ending apartheid. Those who refused generally met with public disapproval and, in some cases, boycotts. Stockholders might not care if companies are ethical or not in pursuit of profits but I think the public as a whole does.