Capital Structure in Major Corporations
Senior Vice President and CFO of 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
Co-sponsored by the Program for Financial Studies
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 $163 billion 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.
Jesse J. Greene, Jr., Senior Fellow at the Richman Center, will moderate the panel discussion following presentations by Laurie Simon Hodrick and Martin Schroeter.
November 11, 2014 | Columbia Business School | Uris Hall, Room 142
Competitiveness in US Manufacturing
Senior Vice President, Caterpillar Enterprise Systems
Tom Groos, Partner
City Light Capital
Professor of Professional Practice and Director Deming Center, Columbia Business School
Co-sponsored by the W. Edwards Deming Center for Quality, Productivity, and Competitiveness
Can US 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.
Jesse J. Greene, Jr., Senior Fellow at the Richman Center, will moderare the panel discussion following a presentation by Dave Bozeman on Caterpillar's strategy for staying competitive.
November 5, 2014 | Columbia Business School | Uris Hall, Room 142