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Campbell Soup Company Message Board

  • investmisc investmisc Feb 14, 2014 9:52 AM Flag

    Campbell Insider stock vs. takeover

    S&P Capitol IQ estimates 42% of Campbells stock is owned by Directors and Senior Management. Does anyone have any data on the percent of stock buybacks that were treasuried or retired vs. granted in stock options? This dimension is a real scam with many large companies these days, fueled by preferential tax rates given to long term capital gains vs. earned income. Companies plow their earnings into buybacks rather than dividends or investments, and gradually increase ownership by insiders over the stockholders. Investing 101 I know.

    But I'm interested in how this 42% compares with other companies, and how the dynamic plays into acceptance of a takeover bid. Insider reluctance to give up a gravy-train, vs. someone finally coming in and generating shareholder value - either forcing the company private, or absorbing it into a more productive entity. Think Heinz.

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