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For all the distress, no one should be surprised that shareholder value has been destroyed.
"Since the day the Treasury announced its plan to liquidate A.I.G., value has been destroyed because A.I.G.'s people and their relationships — A.I.G.'s business — are leaving".
"If you think about the companies they've acquired over the last several years," Mr. Marshall said, "it's just unbelievable how much value has been destroyed".
Interbrand concluded that the "majority of the company's brand value has been destroyed" by the Gulf of Mexico disaster, as it published its annual survey of the top 100 brands.
However, Julian Dailly, director of valuation at Interbrand London, said: "BP failed to execute on the level of standards they talked so proudly about in the press and the majority of the company's brand value has been destroyed as a result.
Shareholder value has been destroyed, capitalism has been given a bad name, key measures of the market have been manipulated for cynical gains, taxpayers have shelled out billions to bail banks out, and yet vast rewards packages are still being handed out," he said.
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"It's hard to say anything was created when trillions of dollars in value have been destroyed," he added.
A generation's savings would be rendered visibly worthless (though their real value had been destroyed by the demonetisation of the economy in the late Soviet era).
Some of the wild claims made at the time proved to be justified eventually, but not before around $1 trillion of value had been destroyed and many investors had lost their shirts.The comparison is inexact.
Human values have been destroyed there.
Compaction exerted a similar average reduction of porosity in both facies sandstones; the mean value 31%and33%3% of the initial porosity has been destroyed by compaction in fluvial and aeolian facies, respectively (Fig. 15).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com