An Unconventional Conglomerateur: Henry Singleton and Teledyne

• Author: William N. Thorndike
• Published date: 01 December 2014
• DOI: http://doi.org/10.1111/jacf.12092
• Date: 01 December 2014

In This Issue: Are U.S. Companies Underinvesting?

The State of the Public Corporation: Not So Much an Eclipse as an Evolution 8Conrad S. Ciccotello, Georgia State University

Capital Deployment Roundtable:

A Discussion of Corporate Investment and Payout Policy

22 Panelists: John Briscoe, Bristow; Paul Clancy, Biogen Idec;

Michael Mauboussin, Credit Suisse; Paul Hilal,

Pershing Square Capital Management; Scott Ostfeld,

JANA Partners; Don Chew and John McCormack, Journal of

Applied Corporate Finance.

Moderated by Greg Milano, Fortuna Advisors.

Capital Allocation: Evidence, Analytical Methods, and Assessment Guidance 48 Michael J. Mauboussin and Dan Callahan, Credit Suisse

Bridging the Gap between Interest Rates and Investments 75 Marc Zenner, Evan Junek, and Ram Chivukula, J.P. Morgan

An Unconventional Conglomerateur: Henry Singleton and Teledyne 81 William N. Thorndike, Jr.

The Icahn Manifesto 89 Tobias Carlisle

Off Track: The Disappearance of Tracking Stocks 98 Travis Davidson, Ohio University, and Joel Harper,

Oklahoma State University

The Gap between the Theory and Practice of Corporate Valuation:

Survey of European Experts

106 Franck Bancel, ESCP Europe-Labex ReFi, and

Usha R. Mittoo, University of Manitoba

Are Certain Dividend Increases Predictable? The Effect of Repeated

Dividend Increases on Market Returns

118 David Michayluk, University of Technology, Sydney,

Karyn Neuhauser, Lamar University, and Scott Walker,

University of Technology, Sydney

VOLUME 26 | NUMBER 4 | FALL 2014

APPLIED CORPORATE FINANCE

Journal of