7 years ago67 views
Economics has a rather beguiling characteristic,” says Robert Monks. “If you just suspend disbelief for a while, and assume that you can make a quantity or a number out of values, then you can put these into formulae and you can run them into computers and have high speed printers and out comes this enormous amount of material that must contain a good answer. Well, wrong! Unfortunately.” His point is that, even if trustees acted to protect the economic interests of the public shareholders they represent (which they currently do not) they would still be failing their fiduciary responsibilities.