Browsing All Posts filed under »Ethics in Business«

Shareholder Action: A Positive Development?

May 4, 2012


The annual meeting of Barclay’s Bank shareholders held last week, drew comment in the press. There was concern and dissatisfaction over executive remuneration. This follows similar expressions of concern by shareholders at Credit Suisse. A majority of shareholders of the insurance company Aviva, moreover, have voted against a remuneration report for senior executives. In all […]

John Maynard Keynes and the Big Society

March 14, 2012


Following the financial crash of 2008 the economic ideas of John Meynard Keynes experienced a revival. Some argue that the recent policies of both the British and American governments are Keynesian. The British Prime Minister at the height of the crisis, Gordon Brown, actually referenced Keynes in announcing a fiscal stimulus. Keynes is well-known for […]

Reframing the Economic Debate: Personal Responsibility and the American Homeless

February 17, 2012


At present it is hard to feel anything other than gloom about economic news. Unemployment fugures are high and firms struggle to access much-needed finance. The current global orthodoxy for governments is that of ‘necessary cuts’. Deepening ‘doom and gloom’ the credit rating agency Moody’s has this week noted a negative outlook for the UK […]

Executive Pay and Responsibility: Where the Buck Stops

February 1, 2012


The recent debate over the bonus of the Royal Bank of Scotland (RBS) Chief Executive, Stephen Hester, has reached its all-but-inevitable conclusion. He has decided it would be inappropriate in the present climate to accept it. Two arguments were made against his receiving a bonus. Firstly, it was argued that in a bank effectively owned […]

Trade Unions and Business Corporations: Reaching for the Common Good

December 7, 2011


Both the newspapers and the televised media constantly remind us of our current economic difficulties. The revenues and profit-margins of firms large and small are shrinking. Many shops and factories are reducing workforces, and some are closing-down altogether with larger-scale job losses. It is therefore refreshing to read that workers at the Caparo Merchant Bar […]

Property Rights: Do they also include Responsibilities?

November 30, 2011


Across from where the writer is sitting there is a rather forlorn and neglected house of considerable size. In its heyday it must have been the home of a prosperous upper-middle-class family. For a number of years now it has been allowed to crumble and deteriorate. It has of late hosted a seemingly variable number […]

Democracy, The Good and OccupyLSX

October 31, 2011


From a Guest Blogger: And so we enter another week of the ‘OccupyLSX’ protest outside St. Paul’s Cathedral in London. Once again the protest is in the headlines as not only Dr. Giles Fraser but also the Dean Graeme Knowles have resigned their posts. Meanwhile ‘evil’ capitalists are still beavering away just as ‘feckless’ protestors […]