Cable: ‘Shining a light into murky corporate world’
Vince Cable, the business secretary, delivers his speech to the Lib Dem conference this afternoon, the content of which includes:
“Capitalism takes no prisoners and kills competition where it can,
“The principle of responsible ownership should apply across the business world. Let me be quite clear. The government’s agenda, is not one of laissez-faire.
“Markets are often irrational or rigged. So I am shining a harsh light into the murky world of corporate behaviour.
“Why should good companies be destroyed by short term investors looking for a speculative killing, while their accomplices in the City make fat fees? Why do directors forget their wider duties when a fat cheque is waved before them?”
