Corporations rely on a healthy functioning society but think they shouldn’t have to pay for it
And acting on this neo-liberal view, the Tory government are all too happy to cut their taxes.
And acting on this neo-liberal view, the Tory government are all too happy to cut their taxes.
Like companies the world over, Carillion used Black-Scholes to value securities – a highly risky piece of maths vulnerable to market crashes.
Carillion is just the latest company to jettison its pension liabilities whilst its directors and shareholders make off with the assets.
Parliament will grill Carillion bosses tomorrow – they may use the opportunity to look at corporate law overall.
The Tories and the company’s auditors have massive questions to answer.
It’s board had no employees or other stakeholders on it, who might have raised red flags about the company’s activities.
We need a new vocabulary of commerce that recognises the role of workers and society in business, not simply profit.
Corporate pay at the top continues to skyrocket whilst average wages stagnate. Let’s do something about it.
Forcing people to retire later is class politics dressed up as economic policy.
The government launched a new agency for tackling financial crime today. It will make little or no difference though. Here’s why.