Message received. I guess you can't ague with success. Even Welch was a great corporate success for the stockholders even though he was a immoral $cumbag (my opinion only)
What the @#$ are you smoking?
Obama is already into negative numbers.
After Harry Gray left, higher echelon ethics took a bit of a dive. Harry was a WWII vet and was awarded a Silver Star for his heroism. After him came the likes of Bob Daniel, George David, Chenervert. If I recall, each of those latter 3 had either ethical issues or scandals associated with their tenure. Yes, the stock price went up but there were issues during their tenures. I think with Daniel there was Ill Wind. They paid huge fines to the USG to make it go away. With Geo David, there were issues about him allowing his friends use the corp. jet when he was not present. He iterated he did nothing wrong but would reimburse the corp. for the expenses. If I did nothing wrong, I would not reimburse anything. IMO, that was an admission of guilt. And with LC it was him spending more time on his personal life at the expense of the corp. I am not denying that the stock went up during their tenures, but in my opinion, their ethics were less than you would expect. Double standards for those up there.
I was wondering how he could live on only $172,000,000. This should help him.
A $195 Million Exit for United Technologies CEO
Louis Chenevert Retired Amid Concerns He’d Become Too Disengaged From the Company
Former United Technologies Corp. Chief Executive Louis Chenevert’s retirement may have been abrupt, but it should be comfortable.
Mr. Chenevert will depart the company with a package of stock options and deferred compensation that could be worth nearly $200 million, according to an analysis by ClearBridge Compensation
They were typically 10-15%. I had expected 10% at the very least. Hopefully, they will make up for it next time.
I learned a long time ago that if you want to instill an ethics culture within and organization, you DO NOT, I repeat, you DO NOT hire more lawyers. You get rid of some lawyers. You know the shortest book in the world................a lawyer's book of ethics. Lawyers have polluted our society with their ethics (lack thereof). What do you call 1,000 lawyers chained together at the bottom of the ocean? A GOOD START!
Don't worry about censorsing about Bloomingidiot. I have no use for him or anyone else that steals valor from those that served (for real). If a person will lie about that, they will lie about anything. I will never forget one day I was going into a VA facility in CT and outside the main entrance was Bloom'nidiot talking with the cameras from local TV rolling. It was sickening to have him on the grounds. By the way, he is a little short f' with character to go with it.
Myles Walton of Deutsche Bank on Thursday commented in a note that it has been 80 days since Greg Hayes was elevated to Chief Executive Officer at United Technologies Corporation (NYSE: UTX) and since then he has appointed a new Chief Financial Officer, executed a redirection of focus in the M&A organization, streamlined reporting lines in the aerospace companies and "leaned in" a bit more on shareholder capital return.
"That's pretty good work in less than three months," Walton wrote. "But the question we hear from clients is that they are looking for more to counter temporary and structural earnings headwinds in front of the company."
Walton notes the company's management team as recently as December said that its Sikorsky unit isn't up for sale but a potential leveraged spin of the asset "has appeal." By doing so, the analyst states that the company can up cash that could be used for shareholder return and create a better investable asset outside of the United Technologies portfolio that would have both a "self-help story" and serve as a potential acquisition target in the medium term.
The analyst suggests a reorganization of the Aerospace unit, the elevation of the new head of strategy, and the lack of reorganization at Building & Industrial Systems (BIS) would point towards thinking the company is seeking larger Aerospace and Defense (versus Industrial) deals and may move down the path to separate the BIS (industrial) business from the Aerospace businesses.
Walton also states that if the company's "end game" is an eventual separation of its Aerospace units from BIS, an Aerospace acquisition would "make even more sense" as a stabilizing force to balance out Pratt & Whitney, which will remain in investment mode through 2017 on the GTF engine.
The company will host an Investor Day presentation on
As a stockholder who depends upon the performance of the stock for a part of my retirement, I do not really care anything about prestige / legacy. All I care about is the corp. making money and the stock going up. Call me selfish but I hope Hayes, et. al. get rid of all non-performing operations including Sickorsky.
The time to buy a stock is BEFORE a split and not after. A broker told me that and it is a good philosophy to adhere to. I am holding and waiting. If it does split, many will buy and I will sell.
New highs mean new highs and new lows mean new lows. I am betting on new highs over the next 2 months. I will lighten up as it goes up.
Sooner or later, the people that are screaming sell will be right. My bet is it will be much later. I like this 2 points a week stuff.
RE my 401K: I keep transferring a thousand here and there out of the UTX stock fund into the income fund but my UTX account balance stays the same or increases. Go figure! Oh well, I guess that is goodness.
OMG! This is beautiful stuff going on. Lou should have left sooner. My 401K is going up & up & up! I may be joining kid in FL if this keeps up. Who said 125 by the end of Feb? Maybe 130?
Sterne Agee rating - Ya gotta luv it!
United Technologies’ stock UTX, +1.08% slipped 0.1%, but was up 0.2% earlier at a record intraday high of $123.19 earlier in the session. The stock has run up 13% since Nov. 24, when the company named Greg Hayes as its new chief executive, to replace longtime leader Louis Chenevert.
Arment lifted his target by 17% to $140, or 14% above current levels. He doesn’t believe the company will split itself into two companies -- one focused on aerospace, and the other on non-aerospace -- like some have speculated, but he expects new Chief Executive Greg Hayes will look create shareholder value by reducing its core holdings.
His sum-of-the-parts analysis values the company at a total of $145 a share, or $161 a share minus $16 per share in net debt, which could leave the door open for an activist investor to push management to monetize that value by selling off assets. Arment estimates the combined value of United Tech’s non-aerospace business, including Otis elevator and its climate, control and systems operations, at $82 a share, and the value of its aerospace business -- Pratt & Whitney, Sikorsky -- at about $79.
“While it’s unlikely [the company] will be broken into two parts...we do expect some pruning of the portfolio that could result in higher returns for investors,” Arment wrote.