{"id":322,"date":"2006-12-29T14:35:48","date_gmt":"2006-12-29T12:35:48","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2006\/12\/29\/the-world-does-not-revolve-around-shareholders\/"},"modified":"2006-12-29T14:35:48","modified_gmt":"2006-12-29T12:35:48","slug":"the-world-does-not-revolve-around-shareholders","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2006\/12\/29\/the-world-does-not-revolve-around-shareholders\/","title":{"rendered":"The world does not revolve around shareholders"},"content":{"rendered":"<p>I've mentioned Simon Caulkin's writing here before. I will again. In considering the role of the heretic challenging the status quo with a truth that is obvious, and yet unacceptable (as Galileo did the Catholic Church) he wrote last Sunday:<\/p>\n<blockquote><p>Today those keeping people in 'a pearly haze of superstition' about their place in the world are the popes and cardinals of business - chief executives, investment bankers, consultants and PR and press cheerleaders, all with a vested interest in preserving the discredited belief that the shareholder is the fixed centre of the commercial solar system round which everything else - employees, customers, suppliers, society itself - revolves in orbit.<\/p><\/blockquote>\n<p>The truth is that shareholder value is obviously wrong. It's time we realised business is all about a universe of interests that do not revolve around shareholders. Business would be a lot more effective if we accepted that truth.<\/p>\n<p>Read the whole piece <a href=\"http:\/\/observer.guardian.co.uk\/business\/story\/0,,1978267,00.html\" target=\"_blank\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;ve mentioned Simon Caulkin&#8217;s writing here before. I will again. In considering the role of the heretic challenging the status quo with a truth that<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2006\/12\/29\/the-world-does-not-revolve-around-shareholders\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,24],"tags":[],"class_list":["post-322","post","type-post","status-publish","format-standard","hentry","category-accounting","category-csr"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=322"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/322\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}