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Post by Swampy on May 15, 2013 9:34:39 GMT -5
The 1980's movie, "Wall Street" had a scene where Gordon Gekko, played by Michael Douglas, saying that greed was good, and the shareholders should get rid of incompetent management. That was the prevailing wisdom at the time, which allowed corporate raiders to restructure the American economy. This did not happen in Japan, and the results showed - greed was good, and the American economy enjoyed a renaissance, while Japan got into a decades-long slump in which it has still not gotten out of. The raiders couldn't crack Japan then, but they're trying now, and they should succeed, because Japan needs brutal restructuring, not just in its corporate sector but also in its agricultural one.
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Post by Swampy on May 16, 2013 0:16:38 GMT -5
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Post by Sir John on May 17, 2013 17:49:49 GMT -5
If a company loses $100 Billion in 13 years, it sure is a loser!
Bankruptcy awaits.
Much like countries that spend far more then they take in, such as the PIFIGGS, and the USA, and Japan.
Bankruptcy awaits!
SJ
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Post by mcnoch on May 18, 2013 5:14:03 GMT -5
That wil not work as the Japanese companies are owned by the Japanese themself, you can't buy them as only very small pieces are sold on the stock markets. The Japanese also long for a much timeline, they don't care much about the next quarter or year, they think in decades.
Yes, Sony is in trouble as they were resting on their laurels and missed the smartphone-and tablet-business completly, but they are working hard to return to the top.
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Post by Swampy on May 18, 2013 7:24:40 GMT -5
Yes, Sony is in trouble as they were resting on their laurels and missed the smartphone-and tablet-business completly, but they are working hard to return to the top. When Sony bought its way to Hollywood, everyone thought it would get killed, but the entertainment division is making money, while its famed consumer electronics division is not.
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