1: Profit Motive

Jeremiah 17: 7-11
New International Version

“But blessed is the man who trusts in the LORD, whose confidence is in him. He will be like a tree planted by the water that sends out its roots by the stream. It does not fear when heat comes; its leaves are always green. It has no worries in a year of drought and never fails to bear fruit.” The heart is deceitful above all things and beyond cure. Who can understand it? “I the LORD search the heart and examine the mind, to reward a man according to his conduct, according to what his deeds deserve.” Like a partridge that hatches eggs it did not lay is the man who gains riches by unjust means. When his life is half gone, they will desert him, and in the end he will prove to be a fool.

Robert Hemsley
Loosing My Stake in the Economy, New York Times, July 20, 2002, Op-Ed

Last year the C.E.O. of my company made 592 times more than I did. I wonder if that makes me underpaid or the C.E.O. overpaid. Recently management told hourly employees at my mill to make concessions or risk losing our jobs. We made the concessions last autumn, but last spring the C.E.O. received a stock ‘gift’ worth $1.4 million. ...I imagine my concern about my company’s share price is as great as my C.E.O.’s; a portion of my 401(k) is in company stock. I recognize my job depends upon my company making a profit. But I wonder if corporate executives appreciate the role workers play in their success. Free enterprise is a system of risks and rewards. As it now stands, employees suffer most of the risks, while executives enjoy most of the rewards.

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