Originally Posted by maxxm
Here is an interesting story from the New York Times from less than two hours ago:
"Exxon Mobil delivered its strongest performance ever last year, earning a record $40.6 billion in net income because of surging oil prices, the company said Friday.
"The figure, a 3 percent increase from the previous year, exceeded the company’s own record for profits at an American corporation, set in 2006, and is nearly twice what it earned in 2003.
"Exxon said its fourth-quarter net income rose 14 percent, to $11.7 billion, or $2.13 a share. That also made it the company’s most profitable quarter ever..."
Setting aside all of the excuses and claimed rationalizations, wouldn't simple greed and "price gouging" seem to be the most likely explanations of this situation?
So you would propose some sort of limitation on how profitable our corporations can be?