This derring-do, and his willingness to embrace retrenchment for the sake of stockholder return, wins Fourtou our nod as Europe's Businessman of the Year.
To ensure that the interests of senior executives are fully aligned with stockholders, the Company instituted stock ownership guidelines for AOL senior executives that encourage behaviors that have a positive influence on stock price appreciation and total stockholder return, and all executives are in full compliance.
Price fixing and bribes, for example, boost stockholder returns at the expense of consumers and competitors.
For a further look, see Richard S. Ruback, "The Conoco Takeover and Stockholder Returns," Sloan Management Review, Winter 1982, p. 13. 12.
They want to entice domestic and foreign companies to invest in the United States, which should, in turn, produce more jobs and stockholder returns.
For further analysis, see Leo Herzel and John R. Schmidt, "SEC Is Probing 'Double Pac-Man' Takeover Defense," Legal Times, April 18 , 1983 p. 27. 2. For further insight, see Claude W. McAnally, III, "The Bendix-Martin Marietta Takeover and Stockholder Returns," unpublished masters thesis, Massachusetts Institute of Technology, 1983.
Consequently, average target stockholder returns in takeovers are actually higher than the estimates in Exhibit I because the abnormal stock price changes it summarizes generally exclude the purchase premiums shareholders receive when they surrender their shares.
"In its Oct. 19, 2011 response to Plains All American's Oct. 6, 2011 unsolicited proposal, SemGroup noted that its board and management team are enthusiastic about the company's prospects and are confident of achieving stockholder returns in excess of what can be derived from Plains All American's unsolicited proposal," SemGroup said in its statement.
"Airgas' management and its board are extremely enthusiastic about our company's prospects and are confident of achieving stockholder returns well in excess of what can be derived from Air Products' unsolicited and opportunistic proposal," Airgas's chief executive, Peter McCausland, wrote in the letter.
We believe that successfully executing … our strategy of being the "starting point" for the most consumers on the Internet and the "must buy" for advertisers will enable us to generate double-digit growth in operating cash flow and will lead to improved stockholder returns.
If that is the way things go, activists could eventually become redundant.Until, that is, stockholders return to lazy ways and managers feel they have nothing to worry about.
