But his view is that the company will resist that course, destroying value in the process.
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However, running that board is Chairman Jerome Feldman, 79, who resigned from former parent GP Strategies in 2005 after shareholders complained about his long record of destroying value.
The volume of Bitcoin-denominated commerce would plummet, destroying its value as a currency.
Ms. MINOW: It's when they get paid that kind of money by - for destroying shareholder value, it's an outrage, it's appalling.
Increasing the range of options open to individuals depends on greater economic freedom, not on destroying the value of money by creating an excess supply.
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In a misguided attempt to prop up house prices and prevent the next wave of bank failures, the Fed is destroying the value of the working poor's cash.
They want to convince us that they are our friends and do what they do to assist the economy, even if it means destroying the value of the U.S. dollar.
Morgan Keegan analyst Tavis McCourt has produced an in-depth study of the situation, and in a research report issued late Wednesday makes a persuasive cash that the cash hoarders in the tech industry are simply destroying shareholder value.
In 2008-09 already troubled U.S. banks were being battered by a recently reenacted, arcane accounting rule that was gratuitously destroying the book value of bank capital.
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This concept, enacted in 2007, turned the economic equivalent of a serious flood into a tsunami by relentlessly destroying the ostensible value of our banks' regulatory capital.
While there was plenty of debate at the time of the announcement as to whether selling the PC business was a good idea, the idea that it could take a year or more to decide was widely viewed as a value destroying nightmare.
Focusing on short-term shareholder value ended up destroying vast quantities of long-term shareholder value.
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As Mr Sirower notes, lawsuits and the press punish other value-destroying corporate decisions.
But the world's Friedmanites have waged a relentless guerrilla war against the idea, denouncing it as a farrago of value-destroying nonsense.
The equity bubble in 1998-2001 may have been in some part responsible for the large number of value-destroying mergers at that time.
Most of these write-downs have occurred over the past four years, a sign that OfficeMax has been destroying a lot of value recently.
Naturally, our fellows caved in and agreed to this value-destroying deal.
CEOs expanded their empires, funded value-destroying pet projects and ignored shareholders.
"Some value-destroying firms and even banks, themselves, can and should fail through the process of improving financial market transparency and liquidity, " he said in a presentation last month.
Similarly, private-equity firms took on too much debt during the credit bubble, when it was available on absurdly generous terms, and are now having to make value-destroying cuts at many of the companies in their portfolios as a result.
Even without considering the cost of capital, TIVO is destroying quite a bit of value for investors.
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Destroying the wealth of those who save and manipulating the value of the dollar have also been shown to be counterproductive.
In due course, however, all this activity degenerates into inflation, destroying the monetary system because the money rapidly loses it value.
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Just as important, the Administration must deal decisively with the insanity of mark-to-market, or so-called fair value, accounting that has forced institutions under severe pressure from regulators and accountants to maniacally mark down to absurdly low levels the value of unmarketable securities and assets, thus destroying entities that have positive cash flows.
The London-based company has lost more than a third of its stock-market value since April 20, when one of its gulf wells blew out, destroying the Deepwater Horizon drilling rig, killing 11 men and triggering the worst offshore oil spill in U.S. history.
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