Ajay Piramal Quotes

Companies that are publicly held have a fiduciary duty to their shareholders to try to maximize their profits within ethical reasons.

Our laws demand that a corporation have a fiduciary responsibility with shareholders to maximize profits. They are legally required to make as much money as possible, any way possible within 'the law.'

You go to any MBA program, and you will be taught the theory of the firm, that the purpose of the firm is the maximization of return on invested capital. I always thought this was a kind of lunacy.

I have a business to run and stockholders to think about.

As a pro-business Democrat, I understand the obligations of publicly traded companies to maximize returns to shareholders.

My shareholders expect me to make the most profit. That's the ugly, dirty truth.

A corporation that is publicly traded, it has one goal: to make money. It doesn't have a soul. If it does have a soul, it comes from the people who run it.

He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.

Shareholders have the right and obligation to set the parameters of corporate behavior within which management pursues profit.

Corporation. An ingenious device for obtaining individual profit without individual responsibility.

I have not been a believer of point guidance. It really limits your flexibility to do what you want. It leads to behavior that is not supportive of long-term shareholder value.

We're very much focused on full shareholder-value return. We have to get our stock moving. But I won't do something in the short run that I don't feel is right for the long run. That, I've watched many CEOs do.

I want to make sure our company is in good hands: that it will be good for the country, for the stockholders.

We have an obligation to provide a return for our shareholders.

If I ever took a business public, I wouldn't want to take the shares off the table. I don't want people thinking I'm doing it just to make money and then going to run for the hills. I think that's a very important distinction.

I would rather be responsible and accountable and help to reward the public shareholders going ahead.

As the head of the public company, you can't say you can't sell, because then you're telling your shareholders that your own personal feelings about your assets are more important than their money. And they won't invest with you if you do that.

We believe that we can deliver better shareholder value by remaining an independent retailer.

It is very clear for us; we will do whatever is in the best interest of Shriram shareholders.

It's not just about checking the box on corporate social responsibility. It's about hitting our bottom line.

I can make it very clear: I get paid if we make good investments. And if we don't, I don't get paid. I have no incentive to sell our companies to Google; the entrepreneurs get to decide that. We are minority shareholders.

Wall Street is always too biased toward short-term profitability and biased against long-term growth.

Good shareholder activists have incredible interest in the company because they own a lot of it.

The ultimate arbiters of the models of banking and the management of banking are the investors. It's the shareholders.

You have to decide who you are going to serve - stockholders or your customers.