Londo_Jowo
Lifer
It's not necessarily in the shareholder's best interest. It's (arguably) in the company's best interest. Those are different things. Shareholders can be short-term, wanting short-term gains by exceeding expected profits/targets, and not giving a shit about where the company will be in 20 years. This can lead to things like under-funding pensions and other long-term obligations in favor of pumping stock prices through dividends now. That's disastrous long-term, but serves share-holders who aren't in it for the long haul.
I don't know of any major company that has employee pensions any more, most contribute to the employee's 401k or similar retirement account every pay period.
