[lbo-talk] good luck with that

Mark Bennett bennett.mab at gmail.com
Sat Oct 15 22:39:49 PDT 2011


But isn't it the whole point of the rant that it is no longer shareholders alone who the BOAs have to mollify? On Sat, Oct 15, 2011 at 10:28 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com>wrote:


> $11 million
>>
>
> One issue here is that companies have realized that money means nothing if
> you look at individual shares. Which is exactly what analysts and
> shareholders look at. 1 share of BAC is worth $6.19 as of the close on
> Friday. There are 10.13B shares outstanding. $11M is $0.0010858 per share.
> Yeah, 1/10'th of a penny.
>
> This is why no one notices when they buy a $50M Gulfstream: that's a half a
> penny.
>
> They say: revenue per share is about $7, I can't spend half a penny on an
> airplane?
>
> Your man brings home $700 this week; you got a problem with him spending
> $0.50 on chewing gum?
>
> And on.
>
> /jordan
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