Archive for the ‘Financial Reporting Council’ Category

Common Theft by Financial Intermediaries

Posted on July 19, 2010, 8:54 am, by Gordon Pearson, under Bank Bonuses, Corporate Governance, Corporate Ownership, Economic History, Financial Reporting Council, Financial Sector, Free Market Capitalism, Moral Hazard, Shareholder Value.

“The directors of … companies, being the managers of other people’s money rather than their own, it cannot well be expected, that they should watch over it with the same anxious vigilance … Negligence and profusion must always prevail … in the management of the affairs of such a company.” So wrote Adam Smith 250 [...]

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