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As became all too apparent in the financial bubble of the late 1990's, the tax code currently contains some perverse incentives for companies to become overly indebted and to manipulate their short-term stock price, instead of paying dividends as a form of prudent profit sharing.
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I therefore withdraw the proposed renomination of Chairman Bernanke and direct the federal regulatory agencies to require honest accounting forthwith and block any bonuses not shown to be the result of honest, prudent profits".
That, for instance, much of the money the big banks earn comes from trading profits "rather than the prudent extension of credit that furthers commerce".
Investors and portfolio managers are trying to be more prudent about taking profits on stocks that have rebounded, and at the same time, moving into stocks that have been depressed, Mr. Ascani said.
"However, it is not the first retailer to warn that trading remains tough, and we feel it prudent to reduce our profit forecasts".
But bootstrapped companies need to be even more financially prudent, as their thin profits are the only funds for growth.
The wise man profits financially in everything he does, and the holy spirit of industry bears the fruit of profit for his prudent financial decision-making.
"The losses being incurred for the discontinued courses have exceeded a prudent threshold for a not-for-profit organization," the board said.
But just as you cant make a silk purse out of a sow's ear, I don't think it's prudent to try to make a favorable profit opportunity out of today's economic and market conditions.
Don't these companies know that putting more women in senior management means better decisions, higher profits, stronger share price, more prudent risk taking and a more well-rounded, thoughtful and effective management team?
Prudent borrowing would let him build, at a profit over time.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com