Monday, April 04, 2005

Dan Gilmore on The Wrong Standard...

That's also why I get frustrated by the anything-goes attitude on Wall Street and in Washington and so many other places where cynical people ignore the context in which capitalism operates. Corporations are creatures of the state, not God, and they exist in a real world where employees, suppliers and communities should be, but frequently are not, given sufficient consideration next to pursuit of profits.

A spectacular return on investment does not pretty much say it all. It tells only part of the story.

while i dont totally agree with dan's take, i agree with his sentiments that we need to evaluate corporations and more importantly their masters on more than just ROI. warren buffett has set an amazing example of how capitalists should behave and be rewarded. i'm crossing my fingers that he turns this latest chapter into another text book case of how an ethical capitalist should act.