Champion of better capitalism
At the Stewardship Asia Round Table in Singapore in June, we were discussing the implications of business disruption and I threw out a challenge: Why did some participants continue to see the listed company as the natural vehicle for the aims of the founders … Continue readingIPOs are so yesterday
Two weeks ago I praised John McDonnell for plans to spread share ownership. Now more details have emerged and I’ve changed my mind. When I was with Labour Business speaking at their conference fringe 2 years ago I recommended a requirement for LARGE LISTED companies … Continue readingLabour’s Employee Ownership Plan: not so inclusive after all
I can’t believe that Premiership Rugby is seriously considering an offer from CVC, a Private Equity firm (CVC Capital eyes £275m bid for Premiership Rugby). Premiership Rugby is a mutual, owned by its 13 member clubs. Presumably these clubs exist to win rugby matches and, … Continue readingRugby is the next sport threatening to sell its birthright
Earlier this week I was asking why the number of listed companies is in decline, and suggesting we need new ways of telling which owners and which forms of ownership are fit for the future. Now along comes Elon Musk in a timely but … Continue readingTesla and listed company status
According to the Economist, in the USA there is a growing trend for listed companies to be taken private. If the listed company is yesterday’s company what is tomorrow’s? Apparently there is $1.1tn in ‘dry powder’ with Private Equity looking for the right investment. … Continue readingIf the listed company is yesterday’s company, what is tomorrow‘s?
I’m in Singapore, working with Stewardship Asia, that impressive organisation with which Tomorrow’s Company has been proud to be a Research Partner for nearly five years. Gathered in the same hotel that will, I understand, next week be hosting the Korean summit were 200 … Continue readingStewardship in disruptive times
As a football fan, as well as someone who believes in the human purposes of business, I groaned when I read about FIFA plans for a $25bn dollar investment in a new global club competition. Faced with a choice between planning a high quality … Continue readingMore dollars with which to drown football