Re: Obscene Theft

A company is in the business to make money, that is why it was formed in the
first place. A public companies primary obligation is to take care of those
who own the business....the stock holders. It is not a charitable
organization. If you want charity, look to the government to do that....
they seem to like to hand out money...of the backs of the working stiffs of
this country... As for profits, that is what happens when prices
rise....profits rise as well. But any businessman worth their salt will
tell you it is not the profits that are important, it is the return on
investment that is important. Having a high profit margin and a low return
on investment is not a very good model. So, the unanswered question is what
is their return on investment? How does that return on investment compare
to the return on investment of other companies? What has been the
historical return on investment of the oil companies vs. the historical
return on investment of other companies?

"George Z. Bush" <georgezbush@xxxxxxxxxxxxxxxxxx> wrote in message
news:JXqDf.26$Zc6.24@xxxxxxxxxxx
> In today's newspapers:
>
> "By Deepa Babington
> NEW YORK (Reuters) - Exxon Mobil Corp. (XOM), the world's largest publicly
> traded oil company, on Monday reported a quarterly profit of $10.7
> billion, capping a year of record earnings dominated by surging oil and
> gas prices.
>
> The results pushed up Exxon's profit for the year to a staggering $36.13
> billion -- bigger than the economies of 125 of the 184 countries ranked by
> the World Bank. Profit rose 42 percent from 2004....."
>
> Would anybody care to bet that there won't be one word of criticism in the
> forthcoming State of the Union address concerning this obscene theft
> perpetrated on America's driving public at the gas pumps?
>
> BTW, during WWII, we knew how to take care of those who profited
> excessively from our involvement in the war.....it was called, quaintly
> enough, the Excess Profits Tax and it did what it was supposed to do.
> This might be an appropriate time to remind our legislators that we need
> to resuscitate it now that we are in an apparently endless war against
> terrorism and the evidence of excess has been rubbed in our collective
> faces.
>
> George Z.
>
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