Kim Warren on Strategy
Strategy insights and living business models
Compulsory reading! Shareholder returns.
Management and investors really do need to understand ‘total returns to shareholders’ (TRS), so all such folk would do well know how TRS really works. A better way to understand TRS would be pretty good as class 1 in any MBA strategy class too, and strategy profs [and their economist colleagues] could try explaining how their theories – largely based on crude, static profitability ratios – fit with this over-riding imperative for corporate management.
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