The late containership scion, Maersk Mc-Kinney Moller, said mergers-and-acquisition (M&A) activity was “a kind of disease you saw in any other industry”.
The comment highlighted the Dane’s disdain for fashions in the business world and his belief that AP Moller-Maersk benefitted from plotting its own corporate course.
In the light of that comment and his known conservatism, what would Moller have thought of share buybacks? Would he think it was an appropriate way of spending cash?
It is hard not to think that he would see it as another bit of financial engineering beloved by Wall Street but not on the Copenhagen waterfront.
But
