Part three of the book provides empirical evidence of why stock prices reflect long - term
value creation as described in the book.
Among other things, these forward - looking statements may include statements regarding the proposed combination of ILG and MVW; our beliefs relating to
value creation as a result of a potential combination with ILG; the expected timetable for completing the transactions; benefits and synergies of the transactions; future opportunities for the combined company; and any other statements regarding ILG's and MVW's future beliefs, expectations, plans, intentions, financial condition or performance.
Not exact matches
That would be true on the pricing level of how much you pay for what you get to the price - performance level,
as well
as on the
value -
creation level.
Within a framework of sustainable development — including a cap - and - trade system and thorough environmental assessments — New Democrats would prioritize our own energy security and with it the
creation of high - paying,
value - added jobs, refining and upgrading our own natural resources right here in Canada — just
as other resource - rich developed nations like Norway already have.
It is hardly surprising that boards do not focus on
value creation, strategic planning, or maximizing company performance
as much
as they do on compliance.
«To give them the ability to remix your
creations, to add
value to it, to multiply your community or brand
as an artist, these things should all be possible and that is what we fundamentally believe in.»
Revamped in 2014, the program now offers a theme - based teaching structure that focuses on topics such
as communicating and leading and managing
value creation.
Deloitte also applied an economic
value to the Like button, going so far
as to quantify the boost to sales and job
creation that occur when you Like a business's page.
The successful
creation, development and launch of a new
value proposition can re-energize a brand
as well
as engage customers.
But valuations remain high and boards have recently become more cautious on large acquisitions,
as it is more difficult to convince their investors of the potential for
value creation at such price levels,» said Gilberto Pozzi, co-head of global M&A at Goldman Sachs Group Inc.
Much
as we love boom markets and the positive impact they have on our portfolios, we've had to bear witness to the erosion of some core principles that are at the essence of the
value creation process.
By taking on more risk
as an equity investor, one can economically participate in a company's
value creation activities providing an enhanced return profile relative to a company's debt offerings.
First, although it should be clear that neither GDP is «correct»
as a true measure of wealth
creation, I think there are good reasons to argue that the difference in real wealth
creation might be greater than the difference in GDP — in other words that U.S. wealth
creation is higher relative to U.S. GDP than China's wealth
creation is relative to China's GDP — and it is this adjusted GDP, representing real wealth
creation, whose
value must be discounted to determine the economic «wealth» of each country.
Other risks and uncertainties include the timing and likelihood of completion of the proposed transactions between ILG and MVW, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals for the proposed transactions that could reduce anticipated benefits or cause the parties to abandon the transactions; the possibility that ILG's stockholders may not approve the proposed transactions; the possibility that MVW's stockholders may not approve the proposed transactions; the possibility that the expected synergies and
value creation from the proposed transactions will not be realized or will not be realized within the expected time period; the risk that the businesses of ILG and MVW will not be integrated successfully; disruption from the proposed transactions making it more difficult to maintain business and operational relationships; the risk that unexpected costs will be incurred; the ability to retain key personnel; the availability of financing; the possibility that the proposed transactions do not close, including due to the failure to satisfy the closing conditions;
as well
as more specific risks and uncertainties.
However, it is important to note that much of what activists call
value creation is more accurately described
as value transfer.
Working closely with industry partners, authorities and local communities, we drill to maintain our position
as one of the world's leading exploration companies — whether you measure us in terms of
value creation, health, safety or environmental performance.
«Programmatic M&A» is the path that holds the most promise, according to the consultancy,
as opposed to infrequent large deals which «hurt
value creation».
It does not directly measure the increase in economic
value -
creation,
as observers usually assume it does.
It's incredible that corporate executives and the market
as a whole continue to depend on such flawed numbers when we already have a measure that is clearly linked with
value creation: return on invested capital (ROIC).
Absent additional justification, the cost - savings argument comes across
as justification for management empire - building, not
value creation.
As part of this transaction, Macy's, Inc. will receive a total of $ 30 million ($ 27 million of consideration and a $ 3 million contribution for certain improvements), as well as upside participation in the ultimate value creation associated with the conversion of the upper floors to office spac
As part of this transaction, Macy's, Inc. will receive a total of $ 30 million ($ 27 million of consideration and a $ 3 million contribution for certain improvements),
as well as upside participation in the ultimate value creation associated with the conversion of the upper floors to office spac
as well
as upside participation in the ultimate value creation associated with the conversion of the upper floors to office spac
as upside participation in the ultimate
value creation associated with the conversion of the upper floors to office space.
There has been no change in our capital allocation policy and over the next few years our first priority is to continue to invest in our business,
as we have a compelling opportunity to drive sustainable growth and
value creation, and we're putting our capital against this opportunity.
Authorized participants may wish to invest in the ETF shares long - term, but usually act
as market makers on the open market, using their ability to exchange
creation units with their basic securities to provide liquidity of the ETF shares and help ensure that their intraday market price approximates to the net asset
value of the underlying assets.
Indeed, we regard profit and the
creation of shareholder
value as the byproduct of making a difference for our key stakeholders and society.
In this particular example, however, the moaty firm's total economic
value creation (area of blue curve), in absolute and in present
value terms, is significantly less than that of the no - moat firm (area of red curve),
as calculated.
We analyzed American Express
as part of a case study on ROIC and its correlation to shareholder
value creation.
Lastly,
as I've repeated in each prior post, another potential
value creation event would be selling off the entire company.
As a reaction against the 19th and early 20th centuries» rising trend of public regulation and money creation, this school describes money's value as based on its bullion content or convertibility, or on bank deposits and other financial asset
As a reaction against the 19th and early 20th centuries» rising trend of public regulation and money
creation, this school describes money's
value as based on its bullion content or convertibility, or on bank deposits and other financial asset
as based on its bullion content or convertibility, or on bank deposits and other financial assets.
Redford was widely criticized for dismissing the program's successful forty - year history and ongoing
value as an important job
creation program for Alberta's students.
However, for crypto - issuing companies, it can provide a system for justifying
value creation, paying for transactions and
as a means to pay out dividends to investors.
Separatism, understood
as a woman's
creation of Self in passionate connection with others like her, is, in a sweeping reversal of patriarchal
values, fundamentally relational.
Without the control provided by the doctrine of
creation, they devalued human experience, dismissing it
as having no positive religious
value.
But, theologically, the world which modern man knows
as «chaos» or «nothingness» is homologous with the world that eschatological faith knows
as «old aeon» or «old
creation» — both worlds are stripped of every fragment of positive meaning and
value.
It carried to fulfillment a long development of thought, disentangling persons from submergence in the social mass and giving to each one status, meaning, and rights of his own; it concentrated attention on the spiritual
value of personality and its possibilities; it created a religion to be entered by free personal choice, regardless of race or nation; it set persons to building a social fellowship for the redemption of souls; and it proclaimed
as the ultimate goal of divine
creation and human hope the kingdom of God in «new heavens and a new earth, wherein dwelleth righteousness.»
Science and natural history
as we know them simply did not exist, even though they owe a debt to the positive
value given to space, time, matter and history by the biblical affirmation of
creation.
The symbolic function of
creation in
valuing time and history becomes clearer when the Genesis accounts are compared with myths whose purpose is to legitimate cyclical time (
as in the Babylonian myth of the primeval conquest of Tiamat by Marduk, alluded to in Genesis 1:2), or to those in which time itself is a negative aspect of a fallen order (
as in Plato's myth of the fall of the soul, or similar myths favored by Hindu and Buddhist mysticism).
With this in mind Christians rightly turn to biblical authors who go beyond stewardship to stress a just treatment of animals; to Orthodox traditions with their emphases on a sacramental understanding of nature; and to classical, Western writers such
as Irenacus, the later Augustine, Francis of Assisi, and the Rhineland mystics who stress the
value of
creation as a whole.
In its thematization at the 1983 Vancouver Assembly, the phrase integrity of
creation was clear in general implication but lacking in exact definition.2 In meetings of the Church and Society Working Committee, the phrase has come to name the intrinsic
value that each and every living being has in and for itself
as a creature loved by God, and the instrumental
value that living beings can have for one another and for God
as instances of an evolutionary and web - like
creation.
The entire passage reads, «In spite of the many kinds of love, which in Greek are designated
as philia (friendship), eros (aspiration toward
value), and epithymia (desire), in addition to agape, which is the
creation of the Spirit, there is one point of identity in all these qualities of love, which justifies the translation of them all by «love»; and that identity is the «urge toward the reunion of the separated,» which is the inner dynamics of life.
Much ecotheology, process theology and
creation spirituality go even further by arguing against the traditional split between inert,
value - free nature and a transcendent God, and by arguing that God acts in and through the processes of nature, which are reconceived
as sacred or spiritual.
The culture in the science community does that by
valuing the debunking of poor science
as much
as creation of new science.
But with this understanding, the
creation has its significance and its
value: because it «matters» to God, it «matters» also in itself
as a sphere in which God finds worth and in which God exerts the loving energy which is the divine character or nature.
The result is a spiritually arid isolation, which is far different from the joyful work of contemplative priests and nuns, who
value the world,
as God's
creation, and believe that quiet, redemptive prayer is the best way to improve it.
However,
as realized, the ideals are graded in
value with respect to what will enhance the present self -
creation of the actual occasion.
So God
as the «principle of concretion» can operate without for a moment reducing the
value of, or in any way negating the role played by, the freedom of the
creation.
Feuerbach, for example, was one of the first to understand the positive
value of religion in society, even when religion is understood
as a human
creation and expressed in naturalistic terms.
We do better to follow the suggestion of Prof. Hartshorne who on one occasion remarked to me that this doctrine, like the traditional ones of incarnation and atonement, should be seen
as valued, historically - freighted symbols that provide insight into God and God's ways in the
creation.
«24 His own positive view of globalization reads thus: «The Trinity,
as mystery of communion of the three Divine Persons, has always given herself to
creation as well
as to the life of every single human being, and has revealed herself — under the forms of sociability, mutual openness, love and self - giving, but also accusation and protest against the lack of such
values — to the communities of humanity.
We can say that,
as primordial, God is the continuum of all possibilities, the treasure - house of potentiality to be applied to the
creation; that,
as consequent (or
as affected by that
creation), God is the recipient of all
value of good achieved in the creative advance; and that,
as superjective, God «pours back into the world» (
as Whitehead once put it) that which has thus been received from it but is now harmonized within the divine life that is «the Harmony of harmonies.»
They generally see beauty (and all
values)
as simply the
creation of estranged human subjects, who project their own individual or communal sense of what is beautiful, and therefore valuable, onto the universe.