The Promoter s Edge: Unraveling How Technology Companies Flourish Under Visionary Founders – CXO Today

A case in point would be the major capex of over Rs100bn being undertaken by the semiconductor giant, Taiwan Semiconductor (TSMC). Would that be the case if not driven by a promoter Under a professional CEO and fragmented institutional ownership, the focus would have been far greater on buybacks and dividends and not a major capex.