The Business of Business
Simon Jack reveals what many believe to be the most important idea in business today, where it came from and how its consequences have shaped all our lives.
It’s been called the dumbest idea in the world. But many believe shareholder value is the most important, the most consequential idea of the last hundred years. In Prophets of Profit the ÃÛÑ¿´«Ã½â€™s Business Editor Simon Jack discovers why so many believe the prime responsibility of business is to increase profits and maximise returns to shareholders.
Simon reveals how a few influential individuals propelled this idea from academic cloisters to dominate boardrooms across the world from the 1980s onwards. He shows how the consequences of this foresight have enriched many people but devastated many too. How the separation of the idea of money-making from other social obligations has led to severe social tensions and a profound misunderstanding of business within communities and governments alike.
Speaking to investors managing trillions, the most powerful union boss in Britain, and CEOs who’ve been at the very top of some of the world’s biggest companies, Simon tracks how a simple idea became so powerful and why it shapes all of our lives today.
Presenter: Simon Jack
Producer: Jonathan Brunert
On radio
Broadcasts
- Mon 27 Jan 2025 13:45ÃÛÑ¿´«Ã½ Radio 4
- Tomorrow 20:45ÃÛÑ¿´«Ã½ Radio 4