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"It's a shareholder value issue for us," Mr. Ferlauto said.
CSR Magazine found a shareholder value performance gap of about 10% between, for example, the most and least transparent companies.
The C-suite can't have a customer-driven mindset, values and culture for 25% of its work, and then a shareholder value mindset, values and culture for the remaining 75%.
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"It believes that the conditions, which would have allowed it to realize a shareholder value-creating merger, are not met".
"BNP Paribas clarifies that it has ceased to study the possibility of a tie-up with Société Générale," BNP Paribas said in a statement, adding that the conditions that would have allowed it "to realize a shareholder- value-creating merger, are not met".
Within a year, shareholder value had increased (it decreases in a majority of mergers) and employees from both banks were informally integrating, with the union neutralized.
"I see it more likely to result in a destruction of shareholder value, not an unlocking of shareholder value," said David Readerman of Thomas Weisel Partners in San Francisco.
How solid is a bank that has shed a third of its shareholder value in a month, and half of it over the course of a year?
He was an outstanding leader who created a lot of shareholder value".
The investors, Elliott Associates and Westgate International, said in the letter that they were concerned by a "failure to enhance shareholder value" and a "lack of responsiveness to shareholders".
Already a corporate buzzword, "shareholder value" litters annual reports and press releases.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com