In 1980, aided by $1.5 billion in loan guarantees from the U.S. government and his own pitchman routines on television, Lee Iacocca brought Chrysler back from the abyss. Carol Loomis Read Quote
A buyback is itself a special kind of acquisition, made at prices that are typically a bargain compared with those a company must pay for an outside purchase. Carol Loomis Read Quote
Approaches to determining stock values vary, but fundamentally, each company judging itself undervalued is saying that its future stream of earnings justifies a higher price than the stock market is willing to accord it. Carol Loomis Read Quote
If a company’s stock is undervalued – as many managers believe theirs is – a repurchase may offer the best payoff of all. Carol Loomis Read Quote
The 1969 experience has been a rude awakening for many hedge-fund investors and has left some of them with strong reservations about the whole concept. For the first time in their relatively short history, the funds are not growing: in fact, some have suffered large withdrawals of capital, and a few have actually folded. Carol Loomis Read Quote
The goal of the program, called Giving With Purpose, is to teach college students – and anyone else who cares to register – how to beneficially contribute to charity. That’s not necessarily easy. There are IRS rules for giving that must be learned, and there is wayward, wasteful philanthropy to be avoided. Carol Loomis Read Quote
Wage concessions are difficult to quantify, since their magnitude depends on many operating variables. Carol Loomis Read Quote
Carl Icahn, corporate raider by trade, is creative, a scrambler, and certainly not to be underestimated. Carol Loomis Read Quote
The ‘Fortune’ I came to work for on Jan. 25, 1954, was a monthly, with pages significantly larger than what you’re reading; ‘art’ covers that did not relate to stories inside; and a newsstand price of $1.25. Carol Loomis Read Quote
