Why your Fund Manager/Financial Adviser ignores You

No surprise, there is no proper structure - or even willingness - to incorporate the views of the real end investor/saver into the corporate policies of Fund Managers, Private Banks or other Financial Institutions. All talk about corporate governance is basically only so much (empty?) talk.
(26-August-2019)
Why isnt your mutual fund sticking up for you?

Selling your company to China?

The dispute in Hong Kong is far from being settled. But it does not look good for the (semi)independence of the former British Colony. So why the rush to sell to a company from Hong Kong? And if shareholders should no longer be the primary focus of corporations and rank only next to workers, suppliers, customers and the wider community (however defined) - how much longer and under what rules can these sell-outs be allowed to continue? And what good is served if all this transaction does is making Hong Kong's richest man richer still? And how much tax does he pay and where? No good for anyone if he just piles his riches higher and higher - in Hong Kong (where taxes are low to non-existent) or in another tax "friendly" geography.
(20-August-2019)
Hong Kong's richest man snaps up British Brewer 

I do like to be working for an Association

Nearly as good as to be beside the seaside: to work for one of the Associations that(claim) to work for the good of investors. AFME (also known as the Association for Financial Markets in Europe) pays its top executive £1.7 Mio in 2018 and he is 'understood' to be in line for  £2 Mio in 2019. This is a huge number that is totally out of proportion given that staffing and pay in the sectors the AFME is representing is under pressure. The chief of the Investment Association - a lobby group that is looking after the interests of savers in a more direct fashion than the lobby for market professionals - pockets a relatively paltry£666,000 in 2018. How any of the member firms of these two lobbies can claim to protect the interests of investors/savers is difficult to imagine as they seem to be incapable (unwilling?) to keep their own houses in order.
(19-August-2019)

Climate Change, Diversity, Human Rights, Income Equality

Climate Change, Diversity, Human Rights, Income Equality - all very worthy causes but the solution is not to push business to provide all the answers. That just means that politicians are left off the hook as they should be providing a framework that can take care of these issues.
  • Use too much coal, oil? - There is a simple solution and it is not so prone to be aubused fraudulently than the carbon tax: higher taxes on production/sale.
  • Diversity - simple legislation can mandate ratios for different ages, sexes, even 'races', but get a democratic majority for any law (and please, not just 50.1%)
  • Human Rights - Don't ask managements to judge in which countries a business should operate, again, politics needs to make a (democratic) decision.
  • Income Inequality - no point moaning, too many pieces of legislation further growing inequality and achieve the opposite of what politicians claim they try to.
    (19-August-2019)

Another Public Company disappears in the Maw of 'Private' Equity

In this age of growing concern about Inequality it is a slap in the face of ordinary investors - let alone citizens - if more and more public companies get gobbled up by financial engineers and their conspirators among dominant shareholders and management. Apart from the problem that benefits of the Private Equity industry are disputed - there was hardly ANY private equity to speak of before the mid-1980s and the world was doing quite well without it - the distributional effects are clear for all to see: Who else but promoters of the industry can spend millions on a birthday party? why should public companies show restraint in relation to executive compensation when promoters and their hired guns in management don't disclose their pay packets? They probably get paid amounts that would sometimes be multitudes of what senior executives in public companies can earn. It is clear that mechanisms to protect public shareholders from having their companies taken away on less than attractive terms are not up to the task. Who cares about Wider Shareownership or the Shareholder Democracy? Rome's decline started when wealth got concentrated in the hands of the few.
(5-August-2019)
Springer Buy-out on track