Also, Morgan Stanley was ahead of its peers by attaching long-term performance criteria to the vesting of stock options based on ROE, TSR, and Pre-tax Profit measures over three years.
Perhaps the answer to this dilemma is for teams to behave more like the ever-popular Arsenal, which recently posted pre-tax profitand boasts about having a self-sustaining financial model that every team should copy.
Overall revenues for the quarter ending September were virtually unchanged at 1.789 trillion yen and Sony left its full year pre-tax profit forecast unchanged at 310bn yen.
If a transaction purports to be designed to make a pre-tax profitand even suggests that you should sign a representation that you are investing with a profit motive, get nervous.
Despite the problems affecting the aviation industry, as highlighted by the losses at British Airways andprofit warnings from Virgin Atlantic, Ryanair announced a 19% rise in pre-tax profits to 90.1m euros, outstripping City expectations of a 15% rise.