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If Private equity sized up your business
As the dust settles on the recent frenzy of private equity deals, what lessons can companies glean? Directors and executives of public companies may now be slightly less fearful of imminent takeover, yet the pressure remains: They face shareholders who wonder why they aren't getting private-equity-level returns. In the aftermath of buyouts, companies undergo five major thrusts of reform. These translate into five key questions that directors should pose to senior management: 1. Have we left too much cash on our balance sheet instead of raising our cash dividends or buying back shares? 2. Do we have the optimal capital structure, with the lowest weighted after-tax cost of total capital, including debt and equity? 3. Do we have an operating plan that will significantly increase shareholder value, with specific metrics to monitor performance? 4. Are the compensation rewards for our top executives tied closely enough to increases in shareholder value, with real penalties for nonperformance? 5. Does our board have enough industry experts who have made the time commitments and been given the financial incentives necessary to maximize shareholder value?
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : Harvard Business School Publishing Corporation |
|---|---|
| Edisi | - |
| Subjek | Strategic management Return on investment Corporate governance Private equity Stockholders Executive compensation Buyouts |
| ISBN/ISSN | 178012 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |