Quote:
Originally Posted by jamesqf
Just for an example, say a plant manager could make changes that would save $100K/year in energy costs (at current prices), but the cost of the changes would be $500K this year. If he expects to move to another job in a few years, it's to his benefit not to make the changes, as that keeps his quarterly numbers high, even though it's worse for the company's long-term profits.
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Your example is exactly why 4yr term limits on the U.S. presidency causes long-term harm. The POTUS (President of the United States) has no incentive to make the country better off in the long term, and every incentive to sell the future for a quick/temporary gain. The National Debt comes to mind...