Another team is more generous. The Boston Celtics, which went public in 1986, pay their investors dividends, and the stock has gained value. But Tribe shareholders should be so lucky, since Jacobs plans to pay no dividends. Within hours currency traders gave thumbs down, forcing the Bank of Japan to mount a multibillion-dollar defense of the yen. Worried Japanese consumers won't open their wallets anytime soon.
Japan is in a deflation.
It is massive and we don't know what to do about it. It is scary. But Dunlap apparently finds it easier to cut expenses than to grow revenue. Last week, on news of disappointing sales, Sunbeam shares plunged 25 percent. Dunlap joined Sunbeam in 1996 to revive the home-appliance maker's diving profits.