Since the mid-1990s, I have vigorously challenged the constantly misused phrase ‘shareholders value’. Telco used it to end the long-standing telco tradition of long-term investments, the importance of national networks, the quality of service and other good old-fashioned solid business strategies. Instead, they created artificially high share prices by overplaying their large cash-generating businesses. This cash was then misused for ill-considered overseas expansions and a lemming-like grab for 3G spectrum. There was no vision as to where they were going, no strategies on what to do once these massive investments were made and no guidelines for the local operations.
2. Greed disease spread from USA to Europe
3. The curse of stock options
4. Capacity swapping
5. Real shareholders value comes from customer satisfaction
6. Incumbents are the winners
7. The American Greed heads
7.1 Global Crossings
7.2 Adelphia Communications
7.5 AOL reports over $49 million dodgy deals
8. European greed
8.4 Deutsche Telekom
Exhibit 1 – Option schemes for CEOs and other high-flyers
I think you are a treasure to the industry and we are all lucky to have you. You are so generous with your energy, time and knowledge.
Ken Cregan, Tele-Computercations Pty Ltd
BuddeComm's strategic business reports contain a combination of both primary and secondary research statistics, analyses written by our senior analysts supported by a network of experts, industry contacts and researchers from around the world as well as our own scenario forecasts.