Since at least Friedman's 1970: "The social responsibility of business is to increase its profits", it has become common to refer to the shareholders of a firm as its owners; a mistaken view that leads to much confusion and wasted effort.
On top of this misconception, in their 1976 paper , Jensen and Meckling compounded the matter by asserting that: "the relationship between the stockholders and the managers of a corporation fits the definition...
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.
The FCA and TPR have announced their joint strategy for tackling the key risks facing pensions in the next decade. Victoria Ticha explores the plan and the industry's initial reaction.
GKN has slammed Melrose for making 'misleading' comments relating to the engineering giant's two UK defined benefit (DB) schemes.
UK inflation fell to 2.7% in February 2018 from 3% a month earlier, the Office for National Statistics (ONS) has confirmed, a larger decline than analysts expected.