Politicians routinely snag lucrative corporate jobs after their stints as public servants, but that historically has a negative impact on a company’s bottom line.
We looked at the hiring of politically connected directors – both members of the House of Lords, called Lords, and the House of Commons, called MPs – by British banks during the three decades before the first world war. We found that the appointment of connected directors – even high-profile MPs – did not increase shareholder value.
In fact, the appointment of MPs to directorships had a negative effect on bank equity returns. To make matters worse, bank equity took a hit when its directors were elected to parliament – there were no rules against that sort of double dipping back then – but did not suffer when directors lost elections, or even when they died while in office.
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At www.theguardian.com
Rob Kall is an award winning journalist, inventor, software architect,
connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media.
Check out his platform at RobKall.com
He is the author of The Bottom-up Revolution; Mastering the Emerging World of Connectivity
He's given talks and workshops to Fortune
500 execs and national medical and psychological organizations, and pioneered
first-of-their-kind conferences in Positive Psychology, Brain Science and
Story. He hosts some of the world's smartest, most interesting and powerful
people on his Bottom Up Radio Show,
and founded and publishes one of the top Google- ranked progressive news and
opinion sites, OpEdNews.com
more detailed bio:
Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind. Then, when he found the process of raising people's consciousness (more...)
