© Alex Proimos

Business short-termism and the new inequality

Andrew Harrop

The British disease of business short termism is entrenched and takes many forms: the UK suffers from low levels of investment in capital and R&D, with companies hoarding cash and buying back shares; there are too many value-destroying acquisitions and restructures, arising from optimism-bias and boardroom hyperactivity; and equities are held for shorter and shorter…