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Essay

Dividend Policy at FPL Group, Inc.

Essay specific features

 

Issue:

Business

 

Written by:

Willie L

 

Date added:

January 22, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2927

 

Was viewed:

8213 times

 

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Essay content:

In the mid-1980s, FPL diversified with four major acquisitions - Colonial Penn Life Insurance Company, Telesat Cablevision, Inc., CBR Information Group Inc., and Turner Foods Corporation- in order to minimize the potential risk within the utilities industry. To address problems in operations, FPL began a rigorous program of Japanese-inspired quality control...
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Management succeeded in transforming FPL into a lean operational system resulting in a drop in scheduled downtime from 18% to 4%, while customer complaints also fell by 60%. By 1989, FPL was recognized as "one of the best-managed U.S. corporations." Despite the progress in quality, FPL was still dealing with problems: Colonial Penn was losing money, there were safety concerns about a particular nuclear plant, and demand was growing faster than capacity...
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