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.
"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 total shareholder return is up, the theory goes, stockholders have no right to complain about what might otherwise look like outsize pay at their companies.
"From a stockholder perspective, our goals are focused on delivering total shareholder returns over the business cycle in the top 25% of the S&P 500..
In the third place, wherever possible, they would aid the stockholders by returning to them surplus cash capital through retirement of shares pro rata at a fair price, as advocated in our previous article.
A Gallup poll commissioned by PaineWebber taken during the crash found that the average stockholder expected returns little changed from before: 16.6% per year over the next decade.
As chairman and chief executive of Clear Channel Communications, however, Mr. Mays has provided his stockholders with gaudy returns, averaging 64percentt a year over the last decade.
