Cameron right to back shareholders January 8, 2012 SO David Cameron believes in capitalism after all. His proposal to give shareholders a binding vote on the pay of their CEOs is sound. Companies are owned by shareholders, not directors, government, workers or busybodies; it is shareholders’ job to be involved in key decisions and not become absentee landlords. Rewards for failure in business [...]
Welcome to 2012’s two-speed world January 5, 2012 ON the face of it, it would seem that nothing changed during the holiday season. Take some of the news in today’s paper. Hungary is in ever-deeper crisis, the euro reached another 15-month low yesterday and Eurozone bank shares plunged, led by those of Italy’s UniCredit. Important stuff, certainly, but more of the same. It [...]