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Who Owns A Company? Is Investor Short-Termism Affecting Management Decisions?

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Rupert Hargreaves
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Andrew Haldane is currently the Chief Economist and Executive Director of Monetary Analysis & Statistics at the Bank of England. Mr. Haldane has written extensively on domestic and international monetary and financial policy issues. Recently, however, he has turned his attention to the corporate side of the equation, asking if investors' short-term focus is having an effect on the long-term performance of companies?

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Mr. Haldane's views on this topic were summed up in a speech he gave at the University of Edinburgh Corporate Finance Conference during May 2015, titled, "Who owns a company?" This is a brief summary of Mr. Haldane's speech; you can find a transcript of the whole speech along with the accompanying charts, here.

Who Owns A Company?

"This might...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha