Motivated by profit
Regarding “Sysco’s stocks fall over lowered earnings” (Business front page, Tuesday): The story about Sysco’s stock price highlights the damage done to our economic system by the debasing of the market.
Although recoding a $400 million profit in 3 months, “analysts” were disappointed because costs, mainly because of wages and bonuses, were rising. Company management, in an attempt to appease these “analysts” advising stockholders, announces it will attempt to get their operating expenses, read wages, back in order.
How sad that a very financially successful company cannot share those successes with its employees without being berated by brokers. Bill Spear Bartlett, Jersey Village