November 11, 2014
Public Lecture Series: "Capital Structure in Major Corporations"
co-sponsored by the Program for Financial Studies
Senior Vice President and CFO, IBM
Laurie Simon Hodrick
A Barton Hepburn Professor of Economics in the Faculty of Business and Founding Director and Chair of the Advisory Board, Program for Financial Studies
Jesse J. Greene, Jr., Senior Fellow at the Richman Center, moderated the panel discussion following presentations by Laurie Simon Hodrick and Martin Schroeter.
How should a profitable corporation allocate its capital? How much should it hold for reinvestment and how much should be returned shareholders? Let’s find out how a $163B market cap corporation looks at this important topic. Join us for a discussion with Martin Schroeter, Senior Vice President and CFO of IBM. IBM has returned a healthy proportion of its earnings to shareholders over the last decade, through stock buybacks and dividends. At the same time, IBM has tripled net income over the same period by investing heavily in key growth areas such as analytics, cloud computing and security. This strategy has attracted major value investors, including Warren Buffet.
To provide the foundation for this discussion, Professor Laurie Simon Hodrick, A. Barton Hepburn Professor of Economics in the Faculty of Business and Founding Director and Chair of the Advisory Board, Program for Financial Studies at Columbia Business School, will educate us on the fundamentals of capital allocation, and join the dialogue.
Columbia Business School
November 5, 2014
Public Lecture Series: "Competitiveness in US Manufacturing"
co-sponsored by the Deming Center Columbia Business School
Senior Vice President, Caterpillar Enterprise Systems
Tom Groos, Partner
City Light Capital
Professor of Professional Practice and Director Deming Center, Columbia Business School
Jesse J. Greene, Jr., Senior Fellow at the Richman Center, moderated the panel discussion following an engaging presentation by Dave Bozeman on Caterpillar's strategy for staying competitive.
Can U.S. manufacturers compete against Asian and Latin American labor markets? You bet they can! Caterpillar proves it every day by exporting some of the world’s largest equipment – used in mining, construction, transportation and power generation – and designed and built right here in the United States. Find out how Caterpillar’s Built for It® and how U.S. manufacturers stay competitive in an ever changing, global business environment.
Columbia Business School