The history of ICI and the British pharmaceutical industry may provide some pointers to show how shareholders and policymakers should react to Pfizer’s bid for Astra Zeneca.
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07 May 2014
23 February 2011, Financial Times
A small fraction of the ingenuity devoted to the construction of complex financial instruments that no one should want could advantageously be applied to the construction of less complex instruments that meet the needs of the Big Society.
13 October 2010, Financial Times
Good quangos have specific technical expertise and their purpose is to take issues out of politics. Bad quangos have no distinctive skills and are designed to put issues into politics.
18 August 2010, Financial Times
The distinction between the creation and the appropriation of wealth is vital, if not always clear. But our ability to recognise it will determine, not just the fate of individuals, but the future of modern capitalism.
16 June 2010, Financial Times
More competition and a reduction of the conflicts of interest between different financial services activities is the antidote to gouging. The separation of retail and investment banking would begin a move away from the transaction-focused, sales-driven culture of recent years and reassert the development of long-term relationships with customers.
18 November 2009, Financial Times
If you aim to create a dynamic, successful business, a state-owned utility is not the place to start.
22 July 2009, Financial Times
We should learn lessons from the Apollo programme and the people who design our television sets. Modular constructions are more robust.
08 July 2009, Financial Times
Great and enduringly successful organisations are not stages on which geniuses can strut. They are structures that make the most of the ordinary talents of ordinary people.
04 March 2009, Financial Times
No one wants bank managers to be replaced by civil servants. But there are a lot of perfectly competent bank managers out there, even if there are a lot of incompetent bank executives.
26 November 2008, Financial Times
The primary purpose of government investment in financial institutions is not to ensure that the taxpayer gets its money back – although that issue should certainly not be neglected – but to ensure that ordinary banking functions operate well.
14 January 2011, Scottish Affairs
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