The Envelope Please $-$The $2012$Capital Deployment Awards.pdf

According to $$the finance theory what rule$($s$)$should managers use to $$decide how to $$deploy capital? Does this line up $$with the discussion in $$the article? Explain why or $$why not. What are some ways that shareholders can ensure that managerial decisions are made in $$their best interests?

Questions #$2$: Is$$it $$reasonable to $$conclude from reading the article that firms would achieve higher TSR$$by $$making acquisitions or $$stockpiling cash? Why or $$why not? What additional information is $$needed to $$properly assess the impact on $$shareholder wealth of $$the various capital deployment choices described in $$the article?