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It was not a company that built value over decades, accumulating assets and leveraging wealth.
Carr had built value for a whole range of British companies and it would be wrong to blame him for the sale of Cadbury or other companies, he said.
He has decided to turn at least some of it away (see article) and restore the reputation he gained in the 1990s as an executive hero when he headed GE.At least Mr Welch appears to have left GE in good shape, and built value for its shareholders.
Several brands, including Lexus, have built value on the basis of the dealership experience itself.
Ethereum is also faring pretty well, all things considered, down from all-time highs above $1,400 but holding most of its newly built value after doubling in price from December prices around $500.
Some have built value off-Facebook (notably Flixster, once known for its viral movie quizzes on Facebook, has transformed into a mobile leader in movies, with over 20 million downloads across iPhone, Android, and Blackberry; likewise, LivingSocial, once known for its viral "Pick Your 5" app, is now a GroupOn competitor).
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If conventional housing development could be built, values for consented land are currently circa £800,000 per net developable acre, with industrial land between £250,000 and £300,000 per acre.
That doesn't build value for my brand.
"Our priority is to build value for stockholders," Mr. Callahan said.
"You build value by winning and having a high-profile franchise," he said.
"Our sole purpose is to build value for clients' businesses and their brands".
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