But here lies the other view. In lieu of reducing the original Arcelor shareholders’ stake by 32% (due to the issue of new shares to Mordashov), as compensation, the new Arcelor will actually pay back to shareholders €7.6 billion – a cash amount equivalent to a soul stupefying 1,316% more than the value of an old Arcelor share (as on January 26, 2006). This is unheard of in modern corporate history of shareholders’ wealth maximisation. If one were to go just by shareholders’ wealth as the factor (and this should be the standard for all modern business corporations), Guy Dolle of Arcelor couldn’t have hit upon a better Russian to rip off ! And seriously speaking, Guy Dolle needn’t even have paid so much to convince his shareholders. But for the sake of records, Guy Dolle will remain our hero, wisecracks notwithstanding!
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Source:- IIPM Editorial, 2006, Editor:- Prof. Arindam Chaudhuri
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For complete IIPM article click here
Source:- IIPM Editorial, 2006, Editor:- Prof. Arindam Chaudhuri
About IIPM ! IIPM Programmes ! IIPM Placement ! IIPM Alumni ! IIPM Alliances ! IIPM Ranking ! IIPM Director's Desk ! IIPM Dean's Message ! History of IIPM ! IIPM Mission ! IIPM Curriculum ! IIPM Project Based Learning ! IIPM GOTA ! IIPM Dual Specialisation ! IIPM Faculty ! IIPM GOP ! IIPM Campus Resources ! IIPM Campus Events ! IIPM Sports Club ! IIPM Support Services ! IIPM Campus ! IIPM Libraries ! IIPM Cafeteria ! IIPM Academic Centres ! IIPM Wilton Park Reports ! IIPM Feedback ! IIPM Links ! IIPM Sitemap ! Contact IIPM !
