Chairman & Chief Executive Officer BlackRock, Inc. 50 For 130 years, people have counted on GE to find out what the world needs and try to invent it, as our founder Thomas Edison famously said. WebTo our shareholders, When I sit down to write this letter every spring, I reflect on the year thats passed, and it often feels like a distant memory. Regards, David A. Ricks. On track with the Velocity Growth Plan. Letters to Shareholders Transitioning from petroleum-based fuels to SAF can reduce carbon emissions up to 80 percent, factoring in the entire life cycle of the fuel, significantly contributing to the commercial aviation industrys long-term goal of net-zero carbon emissions from flight by 2050. WebA shareholder letter is a letter presented by the companys top management to the shareholders of the company wherein the shareholders are informed about the material events relating to the companys operations that took place during the year. Only CEO Letters to Shareholders May 03, 2022 2 min read. And BlackRock does not pursue divestment from oil and gas companies as a policy. Letter Through individual holdings, mutual funds and pension plans, as well as our own TELUS team members Bezos Amazon Letters to Shareholders together in As a CEO, I know this firsthand. We focus on sustainability not because we're environmentalists, but because we are capitalists and fiduciaries to our clients. Letter Our question to these companies is: what are you doing to disrupt your business? WebFinally, our tangible book value per share 1 increased to $81.65, and we returned more than $7 billion to our shareholders through common dividends and share repurchases. By nature, I focus on what lies ahead. Performance in our asset management business was very strong, resulting in total Distributable Earnings of $6.3 billion for the year. It is with this confidence that we were able to announce in November our plans to transform the company by forming three independent, investment-grade industry leaders with sustainability at their core. The Brentwood Power Station in New York is beginning a demonstration project to run on a blend of natural gas and carbon-free green hydrogen.. A CEOs annual report letter to shareholders (henceforth, CEO letter) is an important means by which corporations reveal their leaders espoused perspectives and their standpoints as belief-forming institutions (Tinker 1985, p. 82).In this paper, we explore whether the widely used text analysis software program, DICTION (see Appendix 1 for a Q4 Results and Q1 Forecast Webcontinues to evaluate shareholder interests and the return of shareholder capital on a consistent basis over time. WebWe also achieved significant milestones in the increasingly important area of ESG. WebStarting with our commitment to our shareholders, Accenture shares provided a 23 percent total return for the year ended August 31again outperforming the S&P 500 Indexand also provided a 23 percent compound annual total return to shareholders over the last five years, compared with 14 percent for the S&P 500 Index.We did so as a 212-270-2479. Our business is positioned to lead as the commercial aftermarket recovers and military grows. At adidas, we delivered a set of strong results despite heavy disruptions in supply and demand, with currency-neutral sales up 16% to more than 21 billion and a net income from continuing operations of 1.492 billion an improvement of more than 1 billion compared to the previous year. Shareholder Letter We extend our deepest gratitude, as we could not have done this without your support, and Below is a letter from Chairman and CEO Daniel Zhang to shareholders. Data includes Sustainable Mutual Fund, ETF, Institutional and Alternative AUM, as defined by third party data sources, excluding integration/engagement flags. Its true the surge in capital markets In the simplest of terms, lean is about focusing on the customer and eliminating waste to deliver more value to our customers. Dear CEO, Each year I make it a priority to write to you on behalf of BlackRocks clients, who are shareholders in your company. WebWe delivered the highest net income and core earnings in our Companys history in 2018. Annual Report Letter Amazon CEO Jeff Bezos just published his annual letter to shareholders, and the efforts his company is taking to address the COVID-19 crisis were front and center. WebCEO letters capture the CEOs view, namely \tone at the top," which most signi cantly in uences the current corporate culture (Guiso, Sapienza, and Zingales (2015)). Improved Business and Operating Performance. Read the latest GE financial news releases and stories. shareholder letters Stay up to date with the latest resources for the planned spin-offs. In the U.S. and Canada, this material is intended for public distribution. In December 2021, a United Airlines Boeing 737 MAX 8 powered by CFM LEAP-1B engines became the first passenger flight to use 100 percent drop-in SAF for one of the aircrafts two engines. 4 Sources: Morningstar, Simfund, Broadridge. Executive hubris: the case of This is the impact of GE every day our people rise to the challenge of building a world that works, in service of a more connected, healthier, and more sustainable future. It is not a social or ideological agenda. Alibaba Group published its annual report on Tuesday for the fiscal year ended March 31, 2021. That's why we are launching a Center for Stakeholder Capitalism, to create a forum for research, dialogue, and debate. Larry Fink's Annual 2022 Letter to CEOs | BlackRock In this polarized world, CEOs will invariably have one set of stakeholders demanding that we do one thing, while another set of stakeholders demand that we do just the opposite. WebCHAIRMAN AND CEO LETTER Dear Stockholders, At Visa, our efforts to grow our global business help drive the growth of our ecosystem. Letter to Shareholders . Web2022 Annual Letter. Dear fellow shareholders, It is a privilege to be leading Western Union, an iconic, purpose-driven, and diverse organization, and an exciting time to be taking the helm. Shareholders also use it to evaluate an organization's leadership, reputation, and potential to drive long-term growth. These constant, incremental changes make us a more efficient, profitable business. Letter to our shareholders Thanks to operational improvements and increasing shop visits, Aviation expanded margins in 2021 to 13.5 percent reported, while revenue was slightly down, in line with departure activity. We returned in excess of $7 billion to shareholders in 2020 through dividends and share repurchases. September 12, 2022. Line of Business CEO letters to shareholders. The opinions expressed are as of January 18, 2022 and are subject to change without notice. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. We are fortunate to have experienced leaders in place, already at work to execute this planned transformation and stand up each of these businesses for success on day one. Letter In South Korea, this is issued by BlackRock Investment Management (Korea) Limited. We see a growing interest among shareholders including among our own clients in the corporate governance of public companies. CEO Letter from Starbucks ceo Howard Schultz: Investing in our shared future. 2022 certainly tested our resolve. Goldman Sachs February 12, 2021. As part of that focus, we are asking companies to set short-, medium-, and long-term targets for greenhouse gas reductions. In 2021, we significantly reduced our debt, bringing our total gross debt[1] reduction over three years to $87 billion. This is my first note on the job as I return as ceo. You cant. For us at GE, this is more than just a job; it is a purposeful mission we are building a world that works. GREEN BAY, Wis. (AP) Green Bay Packers president/CEO Mark Murphy says it will probably take at least half a season for the team to know what it has in new These changes resulted in extra production capacity of more than two million bottles of contrast media which is used during medical imaging exams to enable better visualization and diagnosis. SVB IS A TRUSTED FINANCIAL PARTNER OF THE Also, our powerful Haliade-X offshore wind turbine prototype in Rotterdam began operating at 14 MW. We ended 2020 with $448 billion in average loans, down 6%, reflecting the decline in credit card spend and loan balances during the year. This still rings true at GE today and will continue in each of our three future companies. Contact information for general inquiries and feedback. In those three years, the volume of transactions on our platform gross merchandise volume (GMV) increased to $95 billion, up 16% from $82 billion. Young, innovative companies have never had easier access to capital. I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime. The financial security we seek to help our clients achieve is not created overnight. Letter to Shareholders Our energy businesses provide powerful, integrated solutions with some of the most innovative onshore and offshore wind turbines, most efficient gas turbines, as well as advanced technology to modernize and digitize electrical grids. Never has there been more money available for new ideas to become reality. Below is the Report's Letterto Shareholders from GE Chairman and CEO Larry Culp: 2021 was a year of historic change for GE. Letter to Shareholders WebTO OUR SHAREHOLDERS, This year, Nike celebrates our 50th anniversary. Its creating new businesses and destroying others. Few things will impact capital allocation decisions and thereby the long-term value of your company more than how effectively you navigate the global energy transition in the years ahead. They will be more likely to support you in difficult moments if they have a clear understanding of your strategy and what is behind it. Amazon (NASDAQ: AMZN) OReilly Automotive (NASDAQ: ORLY) Target (NYSE: TGT) After reading these seven CEOs words of wisdom, youll probably want to To do this well, we work every day on improving our own operations. Capitalism has the power to shape society and act as a powerful catalyst for change. Over the past three decades, Ive had the opportunity to talk with countless CEOs and to learn what distinguishes truly great companies. A CEO interested in writing a truly great letter will adopt a more authentic, in-depth communication style with their shareholders to help them better understand the business. MetLife, Inc. 2021 CEO Letter to Shareholders. Its up to you to chart your own course and to tell us how youre moving forward. MetLife, Inc. 2019 CEO Letter to Shareholders. CEOs Honest With Shareholders: Larry Fink. Letter to Shareholders Governance - Samsung global Ira Robbins Chief Executive Officer. Notably, since 2004, TELUS has returned $21 billion to shareholders, including $15.7 billion in dividends and $5.2 billion in share purchases, representing over $15 per share. Increased our. WebFor Bank One shareholders since March 27, 2000, the stock has performed far better than most financial companies and the S&P 500. Its been a moment to honor our past and look with excitement to our future. Our software is helping digitize the grid to add more renewable energy and make it more resilient. Putting your companys purpose at the foundation of your relationships with your stakeholders is critical to long-term success. September 17, 2019 . As I write this letter, we are in the midst of a global public health chairman and ceo larry lettera / camera 1 refer to end notes on the last page. Letter to Shareholders With an expected annual dividend of $1.11 per share, AT&T will continue to deliver an attractive dividend yield and be among the highest dividend yield payers in It means that virtually every sector has an abundance of disruptive startups trying to topple market leaders. Following this, we also report the now much smaller remaining GE Capital business as part of Corporate, enabling us to simplify our financial reporting structure and further enhance transparency for our shareholders. Aviations overhaul shops have used lean to decrease turnaround time since 2020, allowing us to return engines to customers faster, and at lower cost. And the duty to attract that capital in a responsible and sustainable way lies with you. My goal was to give some concrete examples of annual letters that I thought stood out in a positive way. In no particular order, here are five letters that hit the mark for me: Focuses investors on metrics that are important inputs into estimating intrinsic value, Reviews relevant metrics thoroughly over a long period of time, Explains the capital allocation philosophy and process, Helps investors understand organic investments currently affecting the P&L, Explains actions management is taking to execute its strategy, It is not promotional: the emphasis is on an objective assessment of results and on helping investors better understand the business, Constellation Software (CSU CN) 2017 Annual Letter, Provides insight into the companys culture, Reviews relevant metrics over a long period of time, Gives insight into how employees are being developed and how that helps the companys decentralized strategy, Provides insight into what the company looks for in board members to help it succeed, Focuses on what has not gone well and what is being done about it, It is not promotional: the emphasis is on an objective assessment of results and to help investors better understand the business, Admits mistakes made, takes responsibility and highlights lessons learned, Helps investors better understand the companys culture and how employees make decisions, Reinforces the companys culture and strategy, Provides an in-depth deep-dive into a major acquisition and explains the integration approach and why this deal is consistent with the companys strategy and culture. They must also support communities affected by the transition, help catalyze capital for the emerging markets, and invest in the innovation and technology that will be essential to decarbonizing the global economy. WebCEO letter. That will not be a good outcome for society. Our second founders letter began: Google was born in 1998. Onshore Wind is a mature business that faces near-term challenges both structural and of our own making.

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