Bosses are supposed to produce beans
Article Abstract:
Investors looking for a company to invest in need to look closely at the people holding management posts. They should have been there for five years, or have held a similar position in another company and investors should look closely at the chief executive and finance director's achievements during this time. Investors should try to examine the figures for varied economic periods to get a true picture. Looking at company shares in relation to a share price index is useful because a picture emerges of progress over a long period of time. Investors should also study former accounts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Beware conventional measures of success
Article Abstract:
Morgan Crucible appears to have performed well in terms of profits and sales, but has underperformed the market during a 30-year period. The company performed well after a new finance director, managing director and chairman were appointed in 1983. Acquisitions have fueled 60% of the company's growth in sales since 1983, while cash could have been returned to stockholders. Companies could be asked to provide information on their stock price performance in relative terms, though it is unlikley that they would agree to do so.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Bosses who just keep going
Article Abstract:
There are a number of UK chief executives and chairmen who have continued for 10 years or above in top posts. They include John Gardiner at Laird, appointed chief executive in 1970 and non-executive chairman in 1997. A survey of long-serving bosses shows that what is important is investment analysis and whether strategies that have previously worked will continue to be effective. Chief executives should be able to make some good major business decisions rather than having to make a large number of good decisions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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