Thoughts on business

Although I'd quibble with his word choices at times, Cal Thomas nails what is all too often wrong with business these days. Specifically, too many business leaders have a time preference that ends with the vesting of their stock options, and hence they tend to make decisions for short term, rather than long term, profitability.

Addendum: GM is demonstrating, by changing managers to "boost profitability," that they're not getting the message from Toyota's troubles. Emphasis on turnover without addressing the root causes (the system any manager must work with) is simply rearranging deck chairs on you-know-what ship.