Gordon Brown’s reforms to CGT encouraged stock market speculators and private equity asset strippers, while it was the Thatcher government that brought rates into line with income tax.
Owners of midsize nursing home chains harm the elderly and drain huge sums of money from facilities using opaque accounting practices while government doesn’t do enough to stop it.
Owners of midsize nursing home chains drain billions from facilities, hiding behind opaque accounting practices and harming the elderly as government, which has the power to stop it, falls short.
Crown Resorts has plumbed astonishing ethical and moral depths in pursuit of profits. Private equity giant Blackstone is also chasing a profit – from redeeming Crown’s reputation.
Karl Schmedders, International Institute for Management Development (IMD) and Patrick Reinmoeller, International Institute for Management Development (IMD)
Despite a boom in IPOs, a larger number of companies are going in the opposite direction.
The UK government is about to reform social care, but the focus is likely to be on funding, not the companies that are allowed to have a stake in the sector.
A major factor in the collapse of Thomas Cook relates to an increasingly important financial market phenomenon, especially for distressed firms, known as the “empty creditor” problem.