MANAGING FOR SHAREHOLDER VALUE AT BANK OF AMERICA

David Coulter

Journal of Applied Corporate Finance, 1997, vol. 10, issue 2, 68-71

Abstract: In this brief and informal speech to senior executives representing a group of the bank's largest corporate clients, Bank of America's CEO and Chairman describes the bank's mission and the “necessary conditions” for achieving it. Besides mentioning a number of recent initiatives aimed at improving quality of service—including an extensive employee stock option plan—he also comments on the role of the bank's stock repurchase program in its overall attempt to maximize “economic profit” and shareholder value.

Date: 1997
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