These companies generally seem to be the ones that care most
about shareholder value... what a coincidence..!
He spoke with Marketplace host Kai Ryssdal
about shareholder value and the problems with short - term thinking.
But Taylor argues that this number would be much higher if directors cared more
about shareholder value or were not so loathe toward forcing CEOs out, largely for personal reasons.
«All companies and all CFOs should be concerned
about shareholder value.
Not exact matches
The CEOs tend to be unassuming folk who ignore management trends to concentrate on the nuts and bolts of running a business — focusing on earnings per share instead of worrying
about top - line growth, for example, and working to preserve cash flow instead of increasing earnings to build
shareholder value.
Daniel Kurnos, an analyst at brokerage Benchmark Co, estimates that eHarmony, whose biggest
shareholder is Madrone Capital Partners, has a market
value of
about $ 1 billion.
On the first workday of the year, months away from the close of the quarter, you have a chance to think
about and discuss how your company's efforts transcend money or
shareholder value.
What
about its CEO's
values, or the
values of its biggest
shareholder?
Pilbara - focused Flinders Mines has recommended its
shareholders accept an improved takeover offer from private New Zealand company Todd Corporation that
values the target at
about $ 74 million.
Metals X looks set to succeed in its long - running battle for control of Aditya Birla Minerals, with the takeover target recommending
shareholders accept an increased offer that
values the company at
about $ 103 million.
His last open letter to
shareholders makes the point clearly
about investing in creating
value — «Berkshire's gain in net worth during 2016 was $ 27.5 billion, which increased the per - share book
value of both our Class A and Class B stock by 10.7 %.
Beijing - based China Oceanwide — described by Genworth President & Chief Executive Officer Tom McInerney as «an ideal owner» going forward — is also the controlling
shareholder of Hong Kong - listed China Oceanwide Holdings, worth
about $ 1.6 billion by market
value.
The key to future economic growth is
about more than just increasing
shareholder value.
When asked
about how she'd grade her time at Xerox, she begins by talking
about disruption in technology and the quest to «add
value» to the world, to employees, to
shareholders.
«We are excited
about this transaction with Apollo, as it recognizes the
value of CEC's global brand, strong cash flows and growth prospects while providing our
shareholders with an immediate and substantial premium,» Michael H. Magusiak, the chief executive of CEC, said in a statement.
The
shareholders are ultimately the «boss» of the board in the sense that the board serves as their proxy for enhancing intrinsic
value, yet boards typically hear
about shareholder concerns indirectly and often not attributed to any specific
shareholder.
While a board of directors has a duty to maximize
shareholder value by running a fair sales process, the Murdochs own
about 17 percent of Fox and control the company through voting shares.
I believe that before any decisions
about Wynn Boston Harbor are made, or any other material actions are taken that could have an adverse impact on long - term
shareholder value, a reconstituted board must be in place.
The statement of claim also alleges that Ferro massively diluted the existing
shareholders by issuing Soon - Shiong shares worth
about 13 % of the company (Tribune says «The stock sales to Merrick Media and Nant Capital were approved by the Board of Directors and will provide valuable growth capital to allow the company to execute on its new
value - creating business plan).
This release contains forward - looking information
about the Company's actions to enhance
shareholder value, including their potential benefits, that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
We are relentlessly focused on delivering
shareholder value,» Mayer is quoted as saying in a press release
about the earnings.
Playboy Enterprises said Monday that it had agreed to be taken private by Mr. Hefner, its founder and dominant
shareholder, in a deal that
values Playboy at
about $ 207 million.
Per the Journal, Elliott's investment is
about 2 percent of EMC's total equity
value of $ 55 billion and would make Elliott the fifth largest
shareholder in the Hopkinton, Mass. — based company.
At Berkshire Hathaway's recent annual
shareholders meeting, an investor asked Buffett
about the relevance of two popular measures of stock market
value: 1) market cap - to - GDP, which Buffett once heralded as «probably the best single measure of where valuations stand at any given moment» and 2) the cyclically - adjusted price - earnings ratio (CAPE), which was made famous by Nobel prize winner Robert Shiller and was seen as accurately predicting the dot - com bubble and the housing bubble.
Gizmodo reports that complaint
shareholder Fan Yuan has accused the company of making «materially false and / or misleading» claims
about its handling of user data, and failing to disclose the ongoing situation has reduced the
value of Facebook shares.
Valeant CEO Mike Pearson assured analysts that «all we care
about is
shareholder value.»
He also addressed speculation
about a breakup, saying the company will be keeping an «open mind» and doing what it thought would create most
value for
shareholders.
«We hope this signals a change in the pattern of automatic corporate legal challenges that will evolve into meaningful engagement with
shareholders about truly sustainable long - term
value and success.»
Subject to all the usual qualifiers
about empirical work, I note a new study of
shareholder activism that suggests it does not creat
value and can even be
value destroying:
«As long as you're doing something that doesn't harm the
value of the company, accelerating the benefits to
shareholders is exactly what creating
value is
about.
At the annual
shareholders meeting this year, Buffett explained that he thought Berkshire Hathaway's intrinsic
value grew at an average annual rate of
about 10 % over the last decade, but he warned that future returns would be lower if interest rates remained near generational lows.
That relaxation of restrictions itself has been controversial among a number of Tronc investors; poison pills often are designed to protect the interests of all
shareholders»
values, and investors have complained
about the chairman and vice chairman's abilities to leverage more control, at smaller benefit to other
shareholders.
But the uniqueness of the business model, the hidden
value of the land on the books and the incremental benefit
shareholders receive from higher oil and gas production and prices make it worth writing
about.
Adam Smith's concerns
about widely held companies rings true today when considering the loss of approximately $ 1.2 trillion in
shareholder value amongst 25 of the world's largest banks or the approximately $ 900 billion in the world's largest mining companies.
One of the ways to intuitively appreciate how extra
value is created by the exit transaction is to extend a more familiar concept
about how
shareholder value increases earlier in the company lifecycle.
We're talking
about large, mature companies that, while not growing at breakneck speeds, churn out consistent profits and create long - term
shareholder value.
«As we look ahead to the remainder of the year, we remain optimistic
about our ability to execute on our priorities and deliver
value for advertisers on our platform,» Twitter wrote in a letter to
shareholders.
«PetSmart
about 13 years ago committed most of its philanthropic activity to ending euthanasia of companion pets... And needless to add, that's 2.5 million dogs and cats needing food and toys, and driving revenue and
shareholder value.»
I think it must have something to do with the con that conservatives have perpetuated on the stupid, that if they talk a lot
about «family
values,» those people won't notice that their real objective is to make sure that the American workforce gets the bare minimum in order to ensure that rich
shareholders can continue to reap their millions without lifting a finger.
«He cares
about creating
value for not only our guests and our
shareholders, but also for his franchise partners.
Ms Cheadle and other SurfStitch
shareholders had questioned the
value of the convertible note, given that the administrators
valued EziBuy at between $ 188 million and $ 293 million, based on sustainable earnings of
about $ 22 million.
Treasury has
about 73,000
shareholders and a letter from chairman Paul Rayner on May 26 said the KKR proposal «did not reflect the fundamental
value of the company».
The panel said
shareholders had been confused
about the
value of Saputo's offer by two franked dividends WCB had planned to pay
shareholders — but which were subsequently withdrawn — under a previous Saputo offer.
It's a way of thinking
about how to create
value for both stakeholders and
shareholders.»
Third Point invests globally in equities and in credit, and frequently takes a constructive approach to engaging with management teams and boards of directors to bring
about changes necessary to create
shareholder value.
Altough this seems not so critical, cause the all insane
shareholders of Tesla (I m not one of these) don t seem to give a damm
about if Tesla is making money or not (any other car company
values would crash), but over the years Tesla needs to make profit, and I doubt that this is possible.
Think
about all of the enormous
value Berkshire Hathaway created for
shareholders during the last crisis in 2008 - 2009.
The goal with this exercise is to locate great businesses that are creating
shareholder value, and begin learning more
about them.
The authors seek to address the questions posed by «critics and regulators»
about the benefits of hedge fund activism to
shareholders and the claim that hedge fund activists «destroy
value by distracting managers from long - term projects.»
In both cases,
shareholders could stand to reap potentially substantial upside derived from the monetization of Avigen's remaining assets and could finally stop worrying
about whether the Company will destroy its substantial cash
value.