The 15% delusion. (cover story)

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  • Additional Information
    • Subject Terms:
      CORPORATE growth; MANAGEMENT; CORPORATE finance; CORPORATE profits; ECONOMICS
    • Abstract:
      Discusses how companies grow. Explanation of a 15 percent goal in the annual growth in earnings per share, why executives try to attain it, and its impact on management and accounting decisions; Data on the difficulty for a firm to grow at 15 percent over an extended period; Issue of missed earning targets and company credibility.