At 11:09 AM 5/24/96, [EMAIL PROTECTED] wrote: > One cost that Mr Etchison might wish to consider > when speculating about cars being > undersold/overpriced is the cost of paying > stockholders large dividends, chief executives > large salaries and bonuses, and so forth. > Investor and managerial income is a very big > cost in the USA and elsewhere, but always seems > to be sacrosanct when it comes to discussion of > 'cost-cutting'. Hey, stockholder and managerial "returns" aren't costs, they're benefits - in fact they're the point of the whole damn enterprise. Wasn't it Henry Ford who said he was in business not to make cars, but to make money? Doug -- Doug Henwood Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax email: <[EMAIL PROTECTED]> web: <http://www.panix.com/~dhenwood/LBO_home.html>
