Re:Must publically held mean no morals?
on
Google vs. Evil
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· Score: 1
It isn't short-term profit that anyone argues should be maximised, it is the expected "net present value" of investments, i.e. the expected future discounted risk-adjusted cash flows that the company will receive.
Because of this, your beloved "long term environmental projects" and "long term employee productivity" will most definitely be considered for a company run as a going concern. In this light, Google's behaviour makes perfectly rational sense -- it is investing in an image which it believes will payoff in the long-term by appealing to socially-concious consumers.
There are several arguments against socially-concious (for the sake of it) firms. One of the most compelling in my mind is the agency issue: by exhibiting any behaviour aside from NPV maximisation the company is, in effect, redirecting the decision of how to allocate company tax away from our elected representatives, and into the hands of non-elected company directors.
Surely such behaviour is an affront to democractic ideals?
Re:Small range increases mean BIGGER area increase
on
New Look at ADSL2
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· Score: 1
How much information is needed to communicate, say, a sine wave (at a given resolution) assuming we discretely sample the wave? Now, how much information is needed to communicate that same wave assuming we're sending Fourier coefficients.
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It isn't short-term profit that anyone argues should be maximised, it is the expected "net present value" of investments, i.e. the expected future discounted risk-adjusted cash flows that the company will receive.
Because of this, your beloved "long term environmental projects" and "long term employee productivity" will most definitely be considered for a company run as a going concern. In this light, Google's behaviour makes perfectly rational sense -- it is investing in an image which it believes will payoff in the long-term by appealing to socially-concious consumers.
There are several arguments against socially-concious (for the sake of it) firms. One of the most compelling in my mind is the agency issue: by exhibiting any behaviour aside from NPV maximisation the company is, in effect, redirecting the decision of how to allocate company tax away from our elected representatives, and into the hands of non-elected company directors.
Surely such behaviour is an affront to democractic ideals?
But 103%^2 > 106%.
Yeah, I know -- everyone hates a pedant.
How much information is needed to communicate, say, a sine wave (at a given resolution) assuming we discretely sample the wave? Now, how much information is needed to communicate that same wave assuming we're sending Fourier coefficients.
Notice the difference in message length?
It's 'lest', not 'let'.