So you're the CEO or CFO of a public company, growing in line with expectations, meeting your profit targets, and maintaining or expanding your market share. Life looks great until you check your stock price, which is one-half to one-third of its level two or three years ago. What's going on here? First of all, don't blame yourself or your investor-relations team. Several forces are at work:
Thomas E. Dewey Jr. is a partner in the New York investment bank McFarland Dewey & Co.