Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 2. September 2017

How to Renew the European Project

Posted by hkarner - 2. September 2017

Advertisements

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

The Two Pillars of French Economic Reform

Posted by hkarner - 2. September 2017

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »

Theresa May v Britain’s managers

Posted by hkarner - 2. September 2017

Date: 31-08-2017
Source: The Economist: Bagehot

The country’s problem is not that it has too many fat cats but that it has too few good bosses

IN HER barnstorming speech to announce her candidacy for the leadership of the Conservative Party, delivered in Birmingham on July 11th 2016, Theresa May promised nothing less than to fix capitalism. The gap between workers’ and bosses’ pay was “irrational, unhealthy and growing”, she said. Managers were rigging the system so that they were unaccountable to all but themselves and their doppelgängers. British productivity was dismal. Mrs May said she had heard, in the Brexit vote, a cry for reform. She invoked a long line of Tory leaders, from Robert Peel to Margaret Thatcher, who had taken on the powerful in the name of the people, and suggested that she was considering radical measures, from putting workers on boards to tightening takeover rules.

Thirteen tumultuous months later Mrs May has finally got around to addressing Britain’s “irrational” and “unhealthy” pay gap. Listed companies will publish the ratio of bosses’ pay to average workers’ pay, the government declares. Remuneration committees will consider the wages of ordinary workers when they set executives’ salaries. Companies will have to nominate a director for the workforce or create an employees’ advisory council. Firms that suffer a shareholder rebellion of more than 20% when setting executives’ pay will have their names entered in a shaming public register. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

The parable of St Paul

Posted by hkarner - 2. September 2017

Date: 31-08-2017
Source: The Economist: Schumpeter

Unilever is the world’s biggest experiment in corporate do-gooding

PAUL POLMAN runs Europe’s seventh-most valuable company, Unilever, worth $176bn, but he is not a typical big cheese. A Dutchman who once considered becoming a priest, he believes that selling shampoo around the world can be a higher calling and detests the Anglo-Saxon doctrine of shareholder primacy, which holds that a firm’s chief purpose is to enrich its owners. Instead Mr Polman preaches that companies should be run “sustainably”—by investing, paying staff fairly, and by making healthy products with as little damage as possible to the environment. This is actually better for profits in the long run, he argues: society and shareholders need not be in conflict.

Mr Polman’s beliefs were tested in February when Unilever received a bid from Kraft-Heinz, a ketchup-to-hot dog gorilla controlled by Warren Buffett and 3G Capital, a fund known for ripping costs out of multinationals. If, in its own mind, Unilever is a good corporate citizen, then it sees Kraft as an angry American with no interest in the planet, heavy debts, no growth, very little foreign presence, and an obsession with self-harming cost cuts. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , , | Leave a Comment »