Nachrichten aus der Corporate Governance Szene
In the corona crisis, the stock markets have moved far away from reality – especially in the USA. This underlines the fact that prices and indices are poor indicators for assessing economies and companies. Can we change this? If the future is traded on the stock exchange, the Corona pandemic will soon be over. During the week, the major indices almost returned to pre-crisis levels – even in the …
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This number must be melted on the tongue: Between 2008 and 2017, the 500 largest US corporations spent four trillion dollars on share buybacks – more than half of their profits. This makes it clear that one-sided shareholder value thinking still dominates overseas – the motto is “shareholders are fuelling instead of investing in the future”. In our opinion, the volume of share buybacks in Germany is also too high, …
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While the reform of the Code in Germany is a long time coming, public debates on corporate governance in the USA are in full swing. President Donald Trump, for example, urges that the obligation for quarterly reports be abolished. At the same time, the influential democrat Elizabeth Warren has presented a bill that provides for nothing less than a departure from the shareholder value principle of Anglo-Saxon character – and …
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