The Antidote: Volume 1 Issue 3
Table of contents
The cultural imperative
T KippenbergerInvestigates the shareholder value approach as a corporate management central objective. Alludes to the similar cultural patterns in other, well‐established economies of the…
At the heart of the argument
T KippenbergerDiscusses the differences between the stakeholder approach and the shareholder value approach and gives in‐depth explanations of the two. Proposes that value‐based management…
The history of ‘shareholder value’
T KippenbergerProfiles shareholder value and how it began with Du Pont, back in the 1920s, a US firm held up as an ideal of advanced management practice, who started measuring investment…
Corporate value creation needs bespoke treatment
T KippenbergerChronicles value‐based management (VBM) as it is approached by Boston Consulting Group (BCG) and uses figures to add emphasis to this system. States that the yardstick used by BCG…
The Stern Stewart approach
T KippenbergerConcentrates on the best known and most model of shareholder values — developed by Stern Stewart, financial advisers — that has aroused, in equal measures, criticism and…
The city 1: the times they are a'changin'
T KippenbergerSpotlights HSBC James Capel (brokers), value‐based management and the high profile commitment to equity research, following discussions and work with academics and management…
The city 2: are earnings per share old hat?
T KippenbergerSpotlights Janette Rutterford, Abbey National Professor at the Open University Business School — responsible for producing a corporate finance MBA course and lists her other…
Blue Circle builds a virtuous circle
T KippenbergerChronicles a question and answer piece between Alistair Cox, group strategy director of BCI (Blue Circle Industries) and ‘The Antidote’. States that BCI plc is the parent group of…
An antipodean approach to adding value
T KippenbergerDiscusses value‐based management and how it has worked at Fletcher Challenge, a paper, building, energy, and solid wood plantation forestry operator in New Zealand. States…