Generate double-digit returns and seize the competitive edge with smart savvy capital
allocation The strategic deployment of capital is one of the most effective ways to create
long-term value. But how much do you know about what your organization spends capital on or the
timing of that capital deployment? This kind of knowledge can make the difference between
organizational success and failure. Capital Allocation provides the tools processes
strategies and insights you need to add more value to your company. Examining the various
alternatives at your disposal regarding the deployment of excess capital David Giroux Chief
Investment Officer for Equities and Multi-Asset at T. Rowe Price covers the entire gamut of
capital allocation issues including optimizing capital structure capital allocation
alternatives M&A and special situations. Giroux uses academic research personal experience
and uncomplicated mathematics to illuminate the principles strategies and processes that can
create long-term shareholder wealth. He provides case studies from Kodak Comcast Thermo
Fisher Scientific Danaher GE and others showing how capital allocation has-and hasn't-worked
in real-life situations. And he shows how to use capital allocation to head off possible
activist investors. Some textbooks touch on the concept of capital allocation but none
examines the subject as practically or thoroughly as this book. Capital Allocation offers
everything you need to know for deploying capital wisely to outperform your competitors over
the long term.
