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#30 William Thorndike: The Outsiders
Investing by the Books
Is It a Hard Decision to Buy Back a Premium Company?
Sonon: I think the key kind of principles and designing compensation programme, a, are that you and the transtim programme is a goodvery example this. And then i think it's a question as to locat what is. What are you going to owd you defind performance? And i think your options are, do you choose an operating metric, cash flos, revenues, margins, returns onxentil capital whatever? Or choosing to tie it to the sharprice? Lots of things tend to coalesce around that metric. But sometimes they have more control over them than people realise. The Transtime plan is there for those who don't want to be
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