Originally published at sbhager.com Sandy Brian Hager Joseph Baines and I have a new briefing with Common Wealth examining the financial performance of UK oil and gas producers and energy suppliers. Some of the key findings include: The two UK-headquartered supermajors – BP and Royal Dutch Shell – have remained profitable over the past decade, […]
Continue ReadingIs the UK a Shareholder Democracy?
Originally published at sbhager.com Sandy Brian Hager Last month I had the pleasure of working on a new Common Wealth report entitled Commoning the Company with Mathew Lawrence, Adrienne Buller and Joseph Baines. In the report we put forth a vision for redesigning the company in light of the COVID-19 pandemic. The current crisis, we […]
Continue ReadingStock Buybacks vs Greenfield Investment
Jonathan Nitzan In his November 29, 2013 piece, ‘Low Capex, High Market Cap: A New High for Corporate Sabotage?’, Edward Lam lends support to CasP’s sabotage thesis by showing how firms with relatively low ‘greenfield’ investment outperform those with relatively high ‘greenfield’ investment. A recent FT article, titled “Money Well Spent?” (Tom Braithwaite, Nicole Bullock […]
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