What can stop the drive
for shareholder profits from leading to inappropriate geoengineering deployments?
It is an attempt to highlight the invisible violence that underpins the international industry of death and suffering: the commercial and government complicity that allows for weapons to be made and sold by public companies
for shareholder profit; the laws banning assault rifles which go neglected; and the films and video - games which depict trigger - happy heroes.
Not exact matches
But equally powerful is the belief that on Wall Street and in boardrooms the sole responsibility of a corporation is to maximize
profits for shareholders.
With any expenditure aimed at bettering employees, the environment, and community instead of maximizing
profits for shareholders, there arises the conflict between
shareholders and corporate social responsibility.
«The dominant and accepted understanding at the time, which continues, is that business is there to make a
profit for shareholders — period,» said David Langstaff, who went on to become chief executive at national security firms Veridian Corp. and TASC.
By one measure,
for every dollar in
profits, 80 cents went to
shareholders through dividends and what are called share buybacks.
For the full year, Quebecor earned a
profit attributable to
shareholders of $ 369.7 million or $ 1.53 per share in 2017, up from $ 194.7 million or 80 cents per share in 2016.
Local miner Sandfire Resources has delivered its first - ever fully franked dividend to
shareholders, despite an 11.7 per cent slide in net
profit to $ 69 million
for the financial year.
As business leaders answer that question, they are redefining the role of business in society and reassessing the notion that the primary purpose of a company is to deliver
profits for its
shareholders.
Oakmark portfolio manager Bill Nygren believes «
shareholder - unfriendly» CEOs are being treated too harshly
for their decisions to allocate
profits from long - term investments to stock buybacks and dividends.
Local IT firm Empired has decided against declaring a dividend payout to its
shareholders, despite reporting a 135 per cent surge in net
profit for the 2015 financial year.
For the purposes of the EPS calculation only, the net profit for the year attributable to ordinary shareholders has been adjusted to include the coupon, net of tax, on the perpetual bon
For the purposes of the EPS calculation only, the net
profit for the year attributable to ordinary shareholders has been adjusted to include the coupon, net of tax, on the perpetual bon
for the year attributable to ordinary
shareholders has been adjusted to include the coupon, net of tax, on the perpetual bonds.
Consequently, net
profit attributable to SES
shareholders was EUR 98.2 million (Q1 2017: EUR 128.4 million) and earnings per share was EUR 0.19 (Q1 2017: EUR 0.26) after deducting the coupon (net of tax)
for the group's hybrid (perpetual) bonds.
These findings echo those of the 1994 classic «Built to Last,» in which Jim Collins and Jerry Porras reveal that over a more than 60 - year period, purpose - guided companies earned six times more
for their
shareholders than their narrowly
profit - focused competitors.
«We will continue to strengthen our investor confidence through various policies
for returning
profits to
shareholders based on our improved performance.»
In 1991 Hannigan started the office products company Give Something Back and committed to earmarking the company's
profits for nonprofit organizations instead of
shareholders or investors.
The new wave of
shareholders are likely to insist on ever - growing
profits — this at a time when many people are expressing doubts about the company's room
for growth.
(The reason
for the jump: Amazon analysts and
shareholders had braced
for an expected loss of 13 cents per share, but the mega-retailer reported instead that it was in the black
for the quarter — a 17 cents per share
profit.)
At a recent Nasdaq luncheon Q&A, Schultz was challenged about his expansive view of «corporate social responsibility»: Was it not the role of the corporation simply to maximize
profits for shareholders, who in turn can use the proceeds to do good in the world if they choose?
Managers don't promise to make a
profit — such a promise would hardly be credible — but they do promise to at least try to make a
profit, to have something left
for shareholders after the bills are paid.
«At the end of the day Unilever is a
shareholder - owned business, and
shareholders are voracious
for profits,» she says.
Business Insider has written about a lot of this before, including the fact that Acthar, and its importance to Mallinckrodt, has become a serious concern among its
shareholders — and made the drugmaker a target
for short sellers who
profit from the stock's decline.
It's going to take time
for these investments to translate into
profit growth
for shareholders.
* ROLLS - ROYCE: Britain's Rolls - Royce stuck to its
profit and cash flow guidance
for 2018 in a statement made ahead of its annual
shareholder meeting, and said it was making progress with a plan to repair some problematic engines more quickly.
The Kremlin's increasingly aggressive efforts to control social media, however, seem to have made Russia the immediate testing ground
for Facebook's most complicated questions about balancing user rights, government demands and the quest
for profit for shareholders.
There is also the more common business ethics excuse that it was done
for profit and the benefit of the
shareholders.
I think health care prices are inelastic, I could have raised it higher and made more
profits for our
shareholders, which is my primary duty.»
Most of the time non-GAAP earnings are blatant misrepresentations of
profits for the benefit of corporate insiders at the expense of regular
shareholders.
Just as striking as Amazon's lack of interest in generating
profit has been investors» willingness to back the company.195 With the exception of a few quarters in 2014, Amazon's
shareholders have poured money in despite the company's penchant
for losses.
Because it owns extensive insurance operations that experience fluctuating
profits, it is not as easy to determine Berkshire's normal earnings power as it would be,
for say, Kraft's food packaging divisions which have pretty predictable demand
for macaroni and cheese, Oscar Meyer hot dogs, and Maxwell House coffee, but still — $ 12 billion is a good estimate of what «normal»
profits look like each year
for Berkshire
shareholders.
[W] hile there is considerable evidence
for the proposition that activist
shareholders can
profit through private rent seeking, there is little evidence that activism has benefits
for investors as a class.
When companies pay workers more, it usually means lower
profits for shareholders.
Since 1999, however, it has been destroying itself by downsizing its labor force and distributing its
profits to
shareholders,» said William Lazonick, a professor of economics and director of the Center
for Industrial Competitiveness at the University of Massachusetts - Lowell.
Yet the measure of success
for every business, regardless of sector is the same: sales,
profits, merger and acquisition expectation prospects, and value creation
for shareholders.
Notorious
for running on a low
profit margin, Amazon has still reaped rewards
for shareholders as it has bet on new services like voice - controlled computing and has expanded across continents and industries.
«U.S. multinational corporations can defer paying tax on
profits they earn abroad indefinitely by agreeing not to use the earnings
for certain purposes, like paying dividends to
shareholders, financing domestic acquisitions, guaranteeing loans, or making investments in physical capital in the U.S..
While
profits are ideally generated, the main aim is not to maximize financial returns
for shareholders but to grow the social venture and reach more people in need.
However,
for stock market companies, simply creating new shares or issuing stock options by fiat that are given away to employees without the company selling them at full value, existing
shareholders would experience an economic dilution in
profits (dividends) per share going down because of a larger number of shares and, importantly, in economic value, being given away (shares of the company are literally being simply granted to someone else, namely employees).
Other more sweeping reform options would address double taxation by allowing
shareholders credits against personal taxes
for tax levied at the corporate level (an «imputation system») or by passing corporate
profits through to
shareholders, similar to the tax treatment of partnerships and S - corporations («corporate tax integration»).
Apple's tax break on its overseas
profits is turning into a $ 102 billion boon
for shareholders.
Publicly traded Public Enemy (PE) outfits channel their
profits from Legalized Bust Outs (LBOs) to a few insiders while leaving a few scraps
for the public
shareholders.
(The major miners serve the bullion banks, not their
shareholders, and have actively participated in gold's price destruction
for years, starting with the «hedging» campaign that handed guaranteed
profits to the banks and pitiful share prices to the stakeholders.)
Indeed, we regard
profit and the creation of
shareholder value as the byproduct of making a difference
for our key stakeholders and society.
Valuentum's Economic Castle ™ rating assumes that «economic
profit» (as measured by ROIC less WACC) is the primary factor in assessing the value that a company generates
for shareholders.
For the long - term investor, GLUU is a company with no
profits, moderate growth, and management that consistently destroys
shareholder value by diluting their equity.
Since 2008, he's called practically every major shale play before the mainstream press got wind of them — including the now - famous Bakken oil formation and the companies that have raked in billions in
profits for their
shareholders.
That's because corporations plan to reward
shareholders as
profits increase, not raise wages
for employees or hire more people.
The steep drop in
shareholder value is largely due to Barclays
profit loss forecast of 30 %
for the next year as a result of imposing lower tariffs, and consequently, a slash in dividends.
The company's nine consecutive years of dividend growth looks set to continue
for many years to come, with the low payout ratio of 47.8 % allowing
for a great equilibrium between retaining
profit (
for company growth / expansion) and returning
profit to
shareholders.
The company is paying out a third of its
profit to
shareholders as dividends, and keeping the other two - thirds of its
profit for other purposes such as growing the business, making acquisitions, reducing debt levels, or repurchasing shares.