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In extremis, Tata could walk away from its costly acquisition.
That year was an aberration, with a costly acquisition weighing the company down, but previous years have been similar.
Two weeks ago, Deutsche Telekom ousted its chief executive, Ron Sommer, largely because his costly acquisition of an American cellular telephone company had devastated his company's shares.
In the UK, local distributor eOne – which had made what must have been a costly acquisition – would have been forgiven for any concern.
Dutch chemicals group Akzo Nobel today said it had plunged into a €1.1bn (£970m) loss last year after writing down €1.2bn on its costly acquisition of ICI.
The beleaguered insurance giant has been struggling the last two years, partly because of its costly acquisition of Green Tree Financial, which finances mobile-home purchases.
Similar(35)
In this, she is like most C.E.O.s who make costly acquisitions.
But Mr. Moonves was quick to reassure Wall Street that the company did not plan to make large, costly acquisitions.
The performance of Global, the unit that provides voice, data and Internet services to businesses, explains the concern over efforts to expand the operation through costly acquisitions.
Standard & Poor's said yesterday that it had put the company's debt on review for a possible downgrade, citing management miscues and costly acquisitions.
Under Mr. Guarguaglini, the company became a strong international competitor and nearly doubled its work force to some 71,000 people through a series of at times costly acquisitions.
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