SlorgNet said:
This is pure rentier idiocy. Total losses are under 1% of annual sales, far less than many other companies, despite the depth of the recession. Sony doesn't have much debt and has plenty of cash flow, so it doesn't need the extra cash. This notion of giving the money to "shareholders" is a sick joke -- a polite way of saying, forking billions over to a bunch of greedy, self-interested oligarchic scum who don't know a frame-rate from an interest rate, and whose speculative folly screwed up the world-economy so bad, it needed a $4 trillion (and counting) government bailout financed by ordinary taxpayers like you and me. Here's a better idea: instead of financing the yachts and private jets of Wall Street overlords, Sony does what it always does -- spend money on world-class studios, top-tier technology and great games. |
This is amazingly out of touch with reality. WOW I do not think people should attempt to discuss things they do not know very much about.
The primary responsibility of a company is profit maximization for its shareholders within law/regulations.
When a company performs well enough to achieve profitability, it usually has two choices: Reward its shareholders or reinvest within the company.
How do you think companies raise equity capital? Investors contribute money in exhange for stake in a company. Said investors usually expect a return on investment.
And I thought it was common knowledge in the business world that Sony is in a very tough spot right now?
I'm not a fanboy, I just try to tip the balance in favor of logic and common sense.