John Kay's Critique of the Equity System
Category: BUSINESS
Relationships become contractual and riven by informational asymmetries. And callous self-interest is freed from the restraints of what should be a fiduciary or -- this is the heart of Kay's vision -- a sense of stewardship. What's lost? Any sense of the longer-term.
By Robert Teitelman, Contributor
Former editor in chief, 'The Deal', 2012-08-05