Investment

Shareholder Capitalism Needs New Paradigm

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A few weeks ago, Nicholas Wrigley, the chairman of housebuilder Persimmon, resigned. He did so because on his watch a remuneration package was created to pay the chief executive £107m by mid 2018. By most definitions, that’s an excessive amount of money for a manager of a listed company to earn. In an article in […]

Art

The Economics of Expensive Art

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From an economic point of view, art can be an investment. Although research shows art investing has mixed results. Art also has what economists refer to as “psychic benefits.” It is something to be enjoyed, experienced or flaunted, and this may be the key to the high price recently paid at auction for Leonardo da […]