I read Michael McGreevy’s letter (5/3) about the editorial Trading Jobs (4/5), and I think the mind-set expressed by Mr. McGreevy is outrageous. It is, however, typical of investment bankers and lawyers.
Those of us who manage a business in manufacturing, as well as our friends who manage a service business that renders a genuine service, really do not feel that our function in running a business is primarily to make a profit and to provide this profit to the investor. Our prime responsibility is to manufacture a good product or supply good service and to provide constructive and satisfying careers.
Clearly everyone, whether owner, manager, salaried employee or hourly employee, recognizes that we must make a profit to maintain and grow our business, but I challenge Mr. McGreevy and those in their ivory towers with similar mind-sets to go onto the shop floor and ask the individuals there whether they feel the primary purpose of their career is to make a satisfactory return for the investor.
Carl C. Landegger
“Behold, I see...the Son of Man sitting at the right hand of God” (Acts 7:56)