«PROGRESSIVE CAPITALISM»

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On equity markets, he favours a big cut in the fees paid to investment managers and a new “Shareholders’ Advisory Board” to promote “an understanding of the fundamental value of the companies in which [the City] invest[s]” rather than their short-term trading value. Investment managers should also get far more involved in the governance of the companies they own, including the appointment of directors and holding them to account, and constrain the boardroom pay explosion which shows little sign of abating. A wildly overpaid City breeds a wildly overpaid corporate sector. (...)». 

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Progressive Capitalism by David Sainsbury: A new centre ground is being forged

This book is equally important for what it says and for who is saying it. A decade ago, this prospectus would have seen its author branded “Red Sainsbury”. Now it is sensible and mainstream