Greenlight Company Presentation

Tech Management Conventional Wisdom: Dividends Hurt Our Image Greenlight Capital, Inc. Steve Ballmer We've run out of other ideas, let's do a dividend. That'll raise the stock price! Further, there is a fear that dividends signal poor growth prospects or the end of innovation. Microsoft is apparently the poster child for this argument. Over the last few years Microsoft has shown that one-time dividends, ongoing dividends, and share repurchases aren't by themselves good enough to drive value in the face of a deteriorating competitive position. 7

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