The cumulative effect of those small, correct actions was very powerful in that we soon had direct and predictable growth in our core metrics: We were absolutely focused on core operations.
The good news is that half of the 24 industry groups use metrics that most highly correlate to value, and also use TSR as a direct measure of shareholder value.
The companies in these industries are either not using the metrics that are most strongly correlated to value or, when the overall correlations of financial metrics to shareholder value are poor, they are not sufficiently using TSR as a direct measure of shareholder performance.