With a rogue CEO, Ryan Air ought to be going broke The airline’s high profile boss is not a crook. But without doubt he is publicly contemptuous of those whose sole priority is a cheap ticket. Having inconvenienced three quarters of a million paying punters by badly handled mass cancellations, […]
Tag: Shareholder value
Profits, performance and ethics: ready for the coming convergence?
“Top executives need to be paid a lot to be willing to do their demanding role. Company performance depends almost entirely on the top leadership’s capability. Ethics doesn’t pay, what matters is short term rewards for stakeholders.” These three widely used assertions about business sound increasingly threadbare, unsupported by credible […]
Short-termism: The fast route to unethical business behaviour
Amazon’s founder Jeff Bezos, is helping to fund a 200 foot tall clock designed to last millennia. He calls it “The 10,000 Year Clock” being built deep inside a Nevada mountain. “We humans have become so technologically sophisticated that in certain ways we’re dangerous to ourselves. It’s going to be […]
Why chasing GDP makes life worse, not better.
“We can no longer simply use GDP growth rates to decide who the [party] heroes are,” President Xi Jinping speaking to party leaders in June 2014. [2] Instead, China’s leaders are adopting a new Quality of Life [QOL]measure. This is a significant cultural, economic and ethical shift. It has potentially […]
“What exactly is your company purpose ?”–asks Aspen Institute
“If you don’t know where you’re going any road will do” remains as true now as when it was first coined thousands of years ago in China. The latest report from the Aspen Institute in Washington DC throws more light on the destination organisations’ want to reach—namely their purpose. [1] Based […]