Last word: Eating your own cooking
Should UK fund managers follow in the footsteps of the US and declare any personal stakes in funds?
by Andy Davis
We have just passed the 30th anniversary of British businessman Gerald Ratner’s notorious speech
to the Institute of Directors in April 1991, when he described one of his jewellery firm’s products as “total crap” and joked that his cut-price earrings cost less than a prawn sandwich from Marks & Spencer and would probably not last as long.
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