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"My mandate from the board is to build value for the shareholder," Mr. Eckert said yesterday in a telephone interview, adding that he plans to do that by cutting costs, building brands and developing managers.
"Most acquisitions destroy value for the shareholder," he says.
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"We want to improve value for the shareholders of Baker Hughes".
"We are confident this transaction can deliver significant value for the shareholders of the enlarged group," he said.
The "winner's curse" describes the phenomenon of mergers destroying value for the shareholders of an acquiring firm.
"We create value for the shareholders and the shareholders don't want us to oppose the government and go bankrupt" was his justification.
In 2005, Ma planted his company firmly on the side of the authorities: "We create value for the shareholders and the shareholders don't want us to oppose the government and go bankrupt," he said.
We extend our best wishes to Mr. Musk and Tesla for results at Tesla that will produce full vesting of Mr. Musk's option and extraordinary value for the shareholders of Tesla, including Mr. Musk.
This would re-establish the focus of management on creating long-term value for the shareholders who are willing to hold their shares for the long run — a perfect match.
Indeed he once said bluntly: "We create value for the shareholders and the shareholders don't want us to oppose the government and go bankrupt".
Thus, early research in this field emphasized that the priority of a company is to create value for the shareholders and giving attention to CSR may impede the free growth of the company.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com