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Join Date: Jun 2003
Location: NA
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Feb 5th, 2007, 09:43 PM
Exxon is a publically traded company, meaning it is owned by it's investors. While it's profits are huge in dollars, the profit margin is low. You won't make a killing trading in Exxon, but your money's safe. That's what makes it attractive to mutual and pension funds. What right does the government have to seize the profit of this or any other business? Banks and advertising companies see much higher profit margins, as do most businesses... like 100% more. Exxon's pulling in about a 3% margin on it's overhead and expenses. You go run a business on 3%.
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mburbank~ Yes, okay, fine, I do know what you meant, but why is it not possible for you to get through a paragraph without making all the words cry?
How can someone who obviously thinks so much of their ideas have so little respect for expressing them? How can someone who so yearns to be taken seriously make so little effort?!
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