Originally Posted by
tom11011
You mean better for you? Shareholders probably think they are making the industry better big time. Depends on your point of view.
But shareholders aren't vested in the industry, are they? They can move their funds from one sector of the economy to another with a few clicks of a mouse.
Just because the opportunity for them to make money in the craps game that is the stock market doesn't, for a second, mean that the industry in which they are betting is being improved by the management of the company in which they are investing.
A perfect example is JetBlue's recent cave to a few industry speculators by adding seats (losing seat pitch --for which Jetblue was always appreciated--) and charging for bags. It bothers me greatly that a few people armed with financial blogs can advocate for a major shift from the customer and to the shareholder and actually win.
But, hey; JetBlue's stock jumped 4% that day, so it must be right, correct??