RE: Another one bites the dust

["Chuck Ackerman" <CAckerman@xxxxxxxxxxxxx>]

Joe Pluta said: "American firms no longer care about ANYTHING other than
the next 90 days, and the stock market reinforces this as do our own
idiot, er, I mean INDUSTRY pundits who consistently wave 90-day sales
figures in everybody's faces as if they meant something."

Joe,

You should have qualified your statement by stating the above applies to
public companies.  I work for a private company that has none of the
qualities that you dislike about public companies.  The good news is
that we can thank Enron because the resulting SOX compliance rules are
driving many companies to become private.  

This allows us private companies to plan long range and not worry about
the stock price.  Yes, we must make sure there is value for our
shareholders, but that value is now measured differently.

The VAST majority of corporations in America are privately held and I
think you do an injustice to corporate America by lumping them
altogether in your statement.