By corprate greed I was meaning that investers need to understand that their returns are directly tied not just to the amout of products sold, but also to the cost of those products. Think about it this way. I've seen gas stations in my area who would price their gas at 10 cents less than the other guy and their lot stayed full. The other guy might have been making an extra 10 cents per gallon but he wasn't selling but half the amount of gas. Granted that's stretching things a bit but in the end if you can beat the other guy by 10 percent on price, and get a larger market share because your lower price brings in more customers, then your investers are going to be really happy. In other words many companies feel the way to do business is to make alot of money as fast as possible, by doing as little as possible to make it, and to heck with the consequenses. On the other hand are the companies that would rather offer fair prices, good customer service, etc, etc, and are satisfied to spread the wealth over time vs looking for the quick buck. Remember when there were more companies, even huge ones like Deere, out there like that?
Too I was also talking about greed at the dealerships themselves. Granted there are some huge dealerships, but most euqipment dealers are independents and aren't worried about investors like Deere would be. Things like seeing what my Dad saw some years back when we did work for a local equipment dealer is a prime example. We had done some portable machine work for them on a piece of equipment because they weren't set up to do it themselves. Dad was standing there in the office talking to the service manager and happened to see the guy sitting next to him writing up the ticket for the customer. The price we charged was marked up to the customer at 100 percent. In other words the $1000 job we did cost the customer $2000 and put an extra $1000 into the dealers pocket for doing absolutely nothing. I can understand a 10 percent markup, etc just to cover the office work involved with what we did, but doubling our bill was pure greed........
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Today's Featured Article - Restoring a John Deere 2010 Diesel Tractor - by Jim Nielsen. Following seven years working in California's Silicon Valley, my wife, baby son and I moved back to Australia to retire. We bought a small 'farm' of about 50 acres near Bendigo, in the state of Victoria. I soon found that it would be very useful to have a tractor around the place for things such as grading our long drive and brush-hogging the fields. I was also embarking on planting 1000 eucalyptus trees, and hence I would need a ripper, small disk plow, sprayer etc. to get these things accompli
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