Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.
Sentiment: NEGATIVE
I think good private equity investors create a lot more economic value than they destroy.
Good shareholder activists have incredible interest in the company because they own a lot of it.
My shareholders expect me to make the most profit. That's the ugly, dirty truth.
With less competition to fear, companies are emboldened to raise their mark-ups and profits. That lifts share prices and thus the wealth of already wealthy shareholders.
Whenever you look at any potential merger or acquisition, you look at the potential to create value for your shareholders.
I think shareholders are the great evil of this modern world.
From the business point of view, always encouraging the people in our company to own stock in the company, and if we're going to build something great, to have a lot of people share in the benefits of that greatness.
Companies are bought for their revenue, customer base, technology, or people. A few great companies offer all of these, but any valuable business offers one.
Our goal is to make General Motors the most valuable automotive company. Clearly, that is having sustainable profitability and driving great returns for our shareholders.
It's not just buying the company. Sure, we picked the right companies, and we picked the right management and, most importantly, we've given them the right incentive to perform.
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