My most difficult class at Harvard Business School would have to be finance.
In market valuation, Yahoo is worth about as much Walt Disney and the News Corporation combined.
I think most CEOs think their stock is undervalued, probably.
My guess is that Apple won't just pass Microsoft in market capitalization, but will go way beyond it.
The idea of the U.S. as a corporation is more than a thought experiment. It's a way to reposition our approach to long-term problems. What would U.S.A. Inc. be worth? Who would want to buy its shares?
Everything is always feasible if you run a corporate finance exercise: you can always try to come out with a justification on how things could work. But the real issue is to say how do you translate that into practice.
I built a massive company, a great company, some of the greatest assets anywhere in the world, worth many, many billions of dollars.
Google makes so much money that it’s now worth three times more than every U.S. airline combined.
If General Motors is worth $60 a share to an investor it must be because the full common-stock ownership of this gigantic enterprise as a whole is worth 43 million (shares) times $60, or no less than $2,600 million.
