In the News
22 January 2016 - Should Chainsaw need an introduction, allow me to précis by saying Mr. Dunlap earned the nickname via his habit of clear cutting employees, most famously half the 12,000-strong workforce at small-appliance maker Sunbeam Corp. Here’s the nut: Chainsaw Al’s game was to boost the company’s stock performance by pleasing Wall Street. He accomplished this not only by slashing employees, but by perfecting the unseemly arts of bill and hold, channel stuffing and cookie jar accounting.
In the News
21 January 2016 - “Absolutely it’s a buying opportunity, when the world is panicking and you have a quintessentially long-term view,” Mark Wiseman, the chief executive officer of Canada Pension Plan Investment Board, said in an interview at the World Economic Forum. “Whatever negative market sentiment there is, I don’t believe is supported by the facts that are coming out.”
In the News
21 January 2016 - Canada Pension Plan Investment Board has teamed up with S&P Dow Jones Indices to track businesses with the potential to deliver returns over the long haul, with the ambitious plan to influence other companies to adopt better governance and business practices. Several institutions have signed on to invest in the new S&P Long-Term Value Creation Global Index, and CPPIB expects retail investors will soon gain access through funds.
In the News
21 January 2016 - A group of large global investors hopes a new stock index will prove that companies with good governance and focused on long-term goals will produce higher returns for shareholders. Six global pension plans and sovereign-wealth funds debuted the S&P Long-Term Value Creation Global Index at the World Economic Forum in Davos, Switzerland, on Thursday, an index they said represents companies that can be role models for others.
In the News
21 January 2016 - The S&P Long-Term Value Creation (LTVC) Global Index comprises firms that have, according to the index provider, a proven ability to manage the long-term economic and governance opportunities in the market, based on analysis provided by RobecoSAM. The creation of the index was recommended as part of the Focusing Capital on the Long Term Initiative (FCLT), founded by the Canada Pension Plan Investment Board (CPPIB) and consultancy McKinsey in 2013.