Reply to post: Re: Hammer nail head

Twilight of the idols: The only philosophy HPE and IBM do these days is with an axe


Re: Hammer nail head

I would politely disagree. Chasing profits as opposed revenues is often a disaster, since cutting labor radically can preserve and grow profits for quite awhile. I'll give you a huge example: My associates were arguing with me against dumping money into equities in March, 2009. They didn't bother to check, but the reality was that at the retest of the lows corporate profits had not fallen. Revenues and financing did. Amazon, as an interesting case, chased revenues and sales, not profits. Build the base, run efficiently, and profits should follow if the business model was good to begin with. Just another point of view!

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