Vimeo
LinkedIn
Instagram
Share |

Comment

May 31, 2012

The failure of Europe’s politicians and central bankers to debate the eurozone plan properly is one of the notorious examples of “groupthink” of recent times.

One of the odd things about the years leading up to the creation of the euro in 1999 was the fact that, outside the UK and Scandinavia, so few Europeans in a position of authority found fault with the thing.

Antonio Fazio of Banca d’Italia was an exception to the rule – the only central bank governor in Europe to go public with his objections – according to David Marsh, author of The Euro, a history of the single currency.

May 29, 2012

Journalists spend far too much time telling everyone about the listed corporate sector and not the unlisted sector. They are missing out and the public is as well.

Scientists often lament the media’s coverage of their world.

Cancer research, climate change and weather projections are reported on almost daily by the media. Much of it is responsible coverage, informing the public objectively with attention to detail. Nevertheless, a sizeable amount isn’t. Instead, the coverage relies on attention-grabbing headlines, and scant concern for facts and detail. Headlines like “breakthrough in breast cancer drug” and “the UK is forecasted to have the coldest winter on record” are not unusual.

May 16, 2012

Clothes, now there’s a thing. I admit to being amused by the brouhaha that ensued after smooth-faced Facebook genius Mark Zuckerberg astonished the world by, ahem, wearing a hooded sweatshirt to a meeting last week. Grown men with wobbly paunches, red braces and pinstriped suits swooned. Others became puce in the face and blustered incomprehensibly. It was as if somebody had exposed themselves in a Jane Austen novel.

Clothes, now there’s a thing. I admit to being amused by the brouhaha that ensued after smooth-faced Facebook genius Mark Zuckerberg astonished the world by, ahem, wearing a hooded sweatshirt to a meeting last week. Grown men with wobbly paunches, red braces and pinstriped suits swooned. Others became puce in the face and blustered incomprehensibly. It was as if somebody had exposed themselves in a Jane Austen novel.

May 14, 2012

If you want a view of what a socialist president means for family businesses in France, given Francois Hollande’s recent elevation to the post, then speak to two barons. Baron David de Rothschild, chairman of the Rothschild Group, and Baron Ernest-Antoine Seilliere, chairman of Wendel, have had first hand experience of socialist presidents.

If you want a view of what a socialist president means for family businesses in France, given Francois Hollande’s recent elevation to the post, then speak to two barons.

May 2, 2012

Ask News Corp’s communications team whether the media group is a family business and they will reply no. But if News Corp is to start rebuilding its reputation hurt badly by the hacking scandal in the UK, then maybe it should start seeing itself as a family business – and start following the best practices followed by family-run companies.

Ask News Corp’s communications team whether the media group is a family business and they will reply no.

But if you apply the standard definition of what constitutes a family business – 25% or more of the company is owned (voting or capital) by the same family, at least one family member is involved in management of the business, and the company is at least in its second generation of family control – then News Corp is a family business.

April 30, 2012

One shareholder described Barclays as “ruthless, heartless, cruel”. Another accused it of “dividing society”. It was quite clear that there is something seriously wrong with this business, and it’s also quite clear what that is: the owners are fatally disconnected from the management.

“You’re better off talking to Barclays,” said the old adverts. Not any more, because the bank stopped listening a few years ago. Specifically, when the people in charge realised that they could sideline high-street banking, with all those irritating little people with their piddling accounts, and instead rent a walloping great building in Canary Wharf in London that looks like a dormitory for Daleks, get into the derivatives game and make a fortune for themselves.

April 26, 2012

Rupert Murdoch, the chief executive and chairman of News Corporation, proved that age needn't be any handicap when dealing with one of the finest legal minds in the UK, so why isn’t he capable of running his media empire?

What is it about age and family businesses? For all the talk from consultants and experts about the necessity of passing on the running of a family business to next-gens early there are cases like Rupert Murdoch.

The chief executive and chairman of News Corporation proved that age needn't be any handicap when dealing with one of the finest legal minds in the UK, so why isn’t he capable of running his media empire?

April 24, 2012

The result of the first French presidential vote, the collapse of the Dutch coalition government and riots in Spain suggest voters are getting more than a little weary of the European project.

The result of the first French presidential vote, the collapse of the Dutch coalition government and riots in Spain suggest voters are getting more than a little weary of the European project.

Where cross-border euro loans once gave people access to cheap finance, the ability of people to repay their debts is in question. The region’s moneylenders, never popular, face a problematic future, as voters start to toy with the idea of reneging on their debts.

April 19, 2012

Pundits are starting to wonder how much longer the good times will roll. Strategist Marc Faber fears that wealth is doomed to be destroyed by a combination of war and inflation. Wall Street Journal correspondent Robert Frank argues the rich, with their sense of entitlement, are becoming a danger to themselves and the rest of society.

If you have been fortunate in life and need inspiration on where to invest your loot, you could do worse than look in the mirror.

That’s right. The wealthy have never had it so good, courtesy of low interest rates introduced to stimulate the economy, which have ended up nurturing the value of their portfolios instead.

Mohamed El-Erian, chief executive of bond giant Pimco, confirms the trend: “To the extent that policy activism succeeds in bolstering asset valuations but not the real economy, the rich benefit disproportionately.”

Click here >>
Close