I have no way of knowing how many people are actually reading this blog. It's main purpose is to allow me to clear my head of some of my more long-winded thoughts so that I have space for new ones. But Blogger tells me that about 25 people have come over to read my posts, so that's very heartening indeed! So, on the off chance that you have returned, I have a question for you. I came across this paragraph in a Guardian article this morning and thought to ramble about it. But then I realised I actually don't know enough to express any well reasoned opinions. I still want to talk about it though, so if you have thoughts to share, please do so and we can ramble together!
Lifted from 'Gulf oil spill: Big problems' in the Guardian, 4 June 2010:
"[T]here are also major questions to be asked about big British business and its approach to risk. Whether it is BP, Prudential and its bull-headed attempt to buy a giant Asian insurer (finally killed this week) or RBS and its possibly fatal takeover of Dutch rival ABN Amro, UK plc has coined a way of doing business that is about acting first and thinking later; doing the megadeal rather than attempting slower, more sustainable growth. It is an approach that has partly been shaped by America-envy (deals are always bigger and flashier on Wall Street) but also by a subservience to the City and its demands for quick growth and shareholder returns. It is an approach that has too much froth and too little substance".
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