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.
Companies That Do Well Also Do Good
Is there a link between how well companies deliver on their social mission and whether they create long-term value for shareholders?
Six Key Steps to a Successful Spinoff
From higher profits to enhanced TSR to tax benefits, a spinoff can generate great value for both the existing and spun-off companies.
Mature Tool Giant Plots Big Growth Push
Stanley Black & Decker has doubled its size multiple times in its CFO's 20 years at the company. Doing it again requires a different, higher-tech approach.
A Young Biotech Firm’s Dilemma
Should publicly held, early stage biotechs issue more shares or partner with Big Pharma?
Is a Higher Valuation Multiple Always Better?
They're great for investment bankers and sellers, but lower valuation multiples are associated with greater shareholder return.
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.
Use of TSR as Incentive Pay Metric Flattens Out
Total shareholder return is still the leading metric for calculating long-term compensation, but companies' thinking may be starting to shift.
Partnering with a New CEO to Boost Shareholder Returns
The CFO and the finance team have the skills to help the CEO understand and interpret residual cash earnings signals.
Amazon: A Case Study in Tech Valuation
How can a company with such dismal net income performance demonstrate such stellar improvement in Residual Cash Earnings?