Woe to the management team that lets the company's stock price sag these days. Watched over by Wall Street, industry executives have to sweat shareholder value as much as market share.
Industry leaders and analysts will discuss 'How Smart Companies Build Shareholder Value' on a panel Wednesday, Jan. 19, at the Automotive News World Congress in Detroit.
Panelists are Thomas Evans, chairman and CEO of supplier Collins & Aikman; Stephen Girsky, managing director of the automotive program at Morgan Stanley, Dean Witter & Co.; Jeffrey Sands, director of PricewaterhouseCoopers Securities; Thomas Sidlik, director of procurement for Jeep products at DaimlerChrysler; and Michael Losh, General Motors' CFO.
'The ways value is created are changing,' Girsky says. 'E-commerce is changing everything. The simple blocking and tackling of building value still works: things like paying dividends, buying back stock. But now there are other ways to add value.'
Evans' company recently moved its headquarters from North Carolina to the Detroit suburb of Auburn Hills to be closer to auto-industry decision-makers.
A major restructuring earlier this year aligned each of Collins & Aikman's three divisions - North American interiors, European interiors and specialty products - under eight global account managers.
The panel discussion is scheduled at 2 p.m. Girsky also will present a talk at 10: 40 a.m. Wednesday.