Tuesday, February 2, 2021 | 12:00 PM to 1:00 PM
No one in United States financial and business history is as misunderstood, and under-appreciated, as Jay Gould. This presentation will assess Gould’s skills as a corporate executive following his distressed investment in, and subsequent control of, the Union Pacific Railroad (UP). The UP was in distress due to volatility emanating from the infamous Financial Panic of 1873. Significantly, Gould executed his turnaround in an economy devoid of monetary stimulus, without a governmental bailout and under pressure from the government to pay back the firm’s public loans. Gould employed many modern techniques in his turnaround that are relevant to 21st century executives. His example also serves as an important historical reminder that successful executives do not require governmental bailouts.
In Creating Strategic Value (Columbia Business School Publishing, 2020), Calandro builds from an historical analysis of traditional value investing concepts to their strategic applications. He surveys value investing’s past, present and future, drawing on influential texts, from Graham and Dodd’s time-tested works to more recent studies, to reveal potent managerial lessons. Offering expert insight into the use of value investing principles in new fields, Creating Strategic Value is an important book for corporate strategy and management practitioners at all levels as well as for students and researchers.
About the Speaker
Joe Calandro, Jr. is a managing director of a global consulting firm and a fellow of the Fordham University Gabelli Center for Global Security Analysis. In addition to Creating Strategic Value, he is the author of Applied Value Investing (2009) and a contributing editor to the journal Strategy & Leadership.
This program is FREE, but advance registration is required. Registered guests will receive the Zoom link prior to the program.
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