Gregory V. Milano
10 Key Principles for Effective Capital Deployment: Part 2
Acquire carefully, beware of leverage, have rules-based buyback processes, don’t bank on dividends, and realize that value creation is hard work.
10 Key Principles for Effective Capital Deployment: Part 1
Here are the principles that provide a foundation for establishing an enduring capital deployment process to drive long-term value creation.
Brand Value Drives Corporate Value
With the right brand-value metrics and framework, managements can allocate marketing resources to improve both short- and long-term value creation.
A Theory of Relativity Misses the Mark
Long-term incentives often include an element based on "relative total shareholder return" that seems sound in principle, but doesn’t work in practice.
Be Cautious About ‘Sweating Your Assets’
Even though it can make certain metrics look better, merely letting assets depreciate isn't enough to sustain growth.
Why Great Health Care Companies Aren’t Necessarily Great Stocks
Performance metrics related to improvement or growth demonstrate the most positive relationships to shareholder return.
In Health Care, Reinvestment Outshines Dividends, Buybacks, Debt
To drive shareholder returns in health care, CFOs should stress financial policies that build financial flexibility rather than leverage.
How to Reduce Investment Decision Complexity
Streamlined investment decision processes clarify the judgments required to make decisions and facilitate enhanced accountability.
Stop the Quarterly Madness!
Although it's better to beat consensus estimates than not, it's more important to improve earnings over the year-ago period.
‘Shareholder Value’ for Private Companies
Private companies may benefit even more from a shareholder value focus than publicly listed companies do.