Give profits to investors, or reinvest? That seems like the main issue, more so than "manipulation".
Of course if you give profits to investors, that allows room for others to out-invest you.
But the assumption throughout the article is that, if Intel had reinvested, it would have been a good investment. That's far from clear, given that we know how wasteful organizations can get when they are top dog and flush with cash.
Of course if you give profits to investors, that allows room for others to out-invest you.
But the assumption throughout the article is that, if Intel had reinvested, it would have been a good investment. That's far from clear, given that we know how wasteful organizations can get when they are top dog and flush with cash.