While putting together an analysis of the shareholders of some of the most strategic and lucrative sectors of the Australian economy several years ago I discovered that almost all of them are substantially or majority-owned and completely controlled by just four financial entities: JP Morgan, Citibank, HSBC and National Nominees (I suspect that National Nominees…
Once a family-owned business Forbes is well known for producing their annual list of the world’s richest billionaires. Launched in 1982 the original list ranked the top 400 Americans by net worth. Only 13 billionaires were included in that list, and their combined worth was the equivalent of 2.8% of GDP. In an era where…
A new billionaire was created every two days last year and now, according to Oxfam, just 42 individuals own as much wealth as the world’s poorest 3.7 billion people. Call it the ‘Year of the Billionaire.’ In 2017, a new billionaire was created every two days and while 82 percent of all wealth created went…
“It is said that no one truly knows a nation until one has been inside its jails. A nation should not be judged by how it treats its highest citizens, but its lowest ones.” ― Nelson Mandela This is the tale of two Americas, where the rich get richer and the poor go to jail….
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and…
