"long term profitability of the company can be assured."
Your quote is no longer important in publiclly traded American corporations. Its all about how much profit can I make this quarter and reward myself now and let someone else be the bagholder in the long term. Russia just put out a statement that they are not looking for short term money to exploit Russia, instead they are looking for long term investors to build factories, etc. When was the last time we looked for investors to go long term and do things like build factories. Makes me want to cry about how short sided Wall Street and Corporate America has become.
Look at a 10 year chart of *&P 500. It lost money from 1999-2009- yet the CEO'* of these firms made on average over 2 million per year with double digit increases in salary and bonuses over these same 10 years.
2001 Bonneville SSEi, 219,000 miles.
Whats in my driveway:
1998 Chevy S10 4x4 ZR2, 1999 Olds Bravada, 2001 Pontiac Bonneville SSEi, 2007 Ford F-350 regular cab 2WD, 2008 BMW 335i coupe (Wife'* replacement for her Bonneville). The Bonneville is my favorite of all the cars in the driveway.