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Not as simply another channel for "returning capital to shareholders," which seems to be the phrasing du jour.
Last month, the lender won Federal Reserve approval for a higher dividend after lowering the amount of its initial request for returning capital to shareholders.
He also advocated "a full amnesty for returning capital to Russia," so that investors bringing capital back to Moscow "won't be bothered… won't be asked about the sources… there will be no questions from the tax and law enforcement bodies".
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"We're thinking 2012 is the right year for us to return capital," Pandit said.
The exceptions are banks, for whom the ability to return capital now rather than later is seen as a critical indicator of health.
Is that how he intends to stick by its targets for return on capital?
It has also started to set tough internal targets for return on capital employed a revolutionary idea in a company where cross-subsidy between different divisions was ubiquitous and opaque.
PetroBras now has targets for return on capital and cost trimming.
If a company is ranked 598 for return on capital and 347 for earnings yield, the combined ranking is 945.
The members of the Forbes Platinum 400 the best big companies in America meet some tough standards for return on capital and other performance measures.
For return on capital, FORBES divides the sum of three items-aftertax profits, the amount remaining if the interest paid on long-term debt were taxed and minority interest-by a firm's total capitalization.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com