I was reading about the massive payout to former Exxon chief Lee Raymond and I couldn’t help but wonder why the telecom sector is so much against being turned into a group of commodity providers. After all, the oil sector seems to have made out OK churning out barrels of oil that look an awful lot like the barrels churned out by their competitors.
Sure, they have a little bit of differentiation – I only buy Petrocan gas in the winter because they have succeeded in convincing me that Petrocan’s blend of Winter Gas is best for my old beast.
I think most shareholders would be thrilled to have oil industry returns on their telecom stocks.