Playing the Long Game: How to Save the West from Short-Termism
Laurie Fitzjohn-Sykes
Sep 2015 · Societas Book 24 · Andrews UK Limited
Ebook
99
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About this ebook
We obsess about what our politicians are doing, but ignore that our companies are no longer investing, instead they are focusing on next quarter's profits in order to justify ever higher executive compensation. This is in turn accelerating the West's economic decline versus the East. While the short-term focus of business is becoming widely acknowledged, we are not doing enough to reverse this. Looking at the less known history of companies shows us the choices we can no longer afford to ignore. Some current reforms need to go further and some areas that need reform are currently being ignored. Encouraging our businesses to invest again is one of the most important issues of our time.
About the author
Laurie worked for 8 years in finance as a research analyst in two investment banks, Citigroup and Dresdner Kleinwort, and in a technology venture capital fund. This background provided the inspiration for the book, namely seeing how the short-termism of financial markets feeds into companies. He received a double 1st in Economics from Cambridge University and is a Chartered Financial Analyst. He recently launched a crowdfunded bid to buy The Times from Rupert Murdoch, which while unsuccessful gained a decent amount of press coverage and pledges from the public. The campaign was backed by the Young Foundation. He has recently started writing for The Huffington Post.
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