Tuesday 8 May 2012

Maybe now

 "In 2007, the final year before the meltdown, shareholders received £2.23bn and BarCap's 16,200 investment bankers took home £1.3bn in bonuses. By 2009, bonuses had reached £2.2bn but shareholders received just £285m".

But let's not get too excited about the 'shareholder spring' with some of them waking from their long slumber. Shareholder Value Maximisation with its inevitable pressure towards short-term priorities can drive companies and wider concepts of social wealth into the wall as much as executive looting.