Business first, shareholders last: Coslov
Jan 17, 2013 | 05:46 PM
| Lisa Gordon
PITTSBURGH Publicly held metals recyclers must focus on their business first and foremost and not on pleasing shareholders, I. Michael Coslov, retired chairman and chief executive officer of Tube City IMS LLC and TMS International Corp., said.
"My business motto is four things: Take care of your people, take care of your equipment, take care of your customer and take care of the stakeholder," Coslov told AMM, noting that the shareholder should be the last concern, because ensuring that the first three priorities are in good order will ultimately result in a profitable company.
"People make a mistake and take care of (the) stakeholder first. If you take care of (the) stakeholder first, you are going to end up in the crapper," Coslov added.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.