[Re: Government should stop meddling and leave pay decisions to shareholders, yesterday]
Elaine Sternberg is right to criticise government for trying to force companies to act in the interests of society rather than shareholders. But aren’t many firms doing exactly this of their own account? It’s fine for companies to conduct corporate philanthropy if shareholders have voted to do so, or if it is in the constitution of the company. But many social responsibility schemes seem more like opportunities for management to pursue personal charitable agendas, while the owners pick up the bill. Executives should think twice before trying to appear responsible at others’ expense.
[Re: Why Germany could eventually lose patience with the euro, Tuesday]
The euro is a political rather than an economic project, so economic logic does not apply. The political classes in Europe will continue with their current obsession (the forcible union of incompatible economies) until they’re forced to stop by devastation.
[Re: Just 42 per cent of Greek people are for austerity, yesterday]
Few turkeys will vote for Christmas, just as few Greeks want to continue with EU-imposed cuts. Sadly, they have no choice, so all this navel gazing about their hopes and dreams is of zero consequence.
GREECE HAS FORMED A NEW GOVERNMENT. ONCE AGAIN, GREEK VOTERS HAVE REARRANGED THE DECKCHAIRS ON THE TITANIC.
Julian Assange isn’t oppressed. He’s ridiculous. By claiming asylum, he makes his apologists look ridiculous too.
Cameron can posture all he likes over the Falklands. But they’ll be difficult to defend now we have no aircraft carriers.
Even Vince Cable is now using the phrase “shareholders spring”. Stop it. It’s inaccurate.