Reuters the news agency recently called it: “the hottest acronym in asset management.” It was referring to the three letters “ESG” that once triggered a frown on many an executive forehead. Puzzled many asked: “what do these letters mean; why are they so important? ” ESG indeed used to be territory […]
Speaking up: after 32 years, reality finally caught up with Ray Kelvin. Staff put the controversial, long-serving CEO on the spot over “forced hugging.” Some 2,500 staff dared to speak up, signing a petition protesting the CEO’s intrusive actions. After three decades in power the serial hugger reluctantly stepped down […]
“Why should the citizens of this world keep companies around whose sole purpose is the enrichment of a few people?” Paul Polman, the highly successful and far-sighted departing CEO of Unilever. “Society demands that companies “serve a social purpose” Larry Fink, CEO BlackRock, world largest asset manager “In the eyes […]
It has cost $15 million dollars and with nothing to show for it. Except serious reputation damage. Barclays’ CEO Jes Staley tried discovering the identity of a whistle blower. He ran slap into laws designed to protect people who speak up about unethical practices in business. The resulting $15 million […]
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