PODCAST: London's stock ambitions
There's news that the London Stock Exchange may be the leading contender to buy Russell Investments of Seattle with a purchase price something near $3 billion, according to the Financial Times. We check in with Julie Niemann, the analyst at Smith Moore and Company, to discuss.
And we check in with Brixton Market, in South London. It's a fragrant place, specializing in African and Caribbean produce.
Meanwhile, that leading light of management theory, Peter Drucker, figured companies would be wise to pay their CEOs about 20 times the typical salaries at the company. In recent years in the U.S., that ratio has run 350 to 1. This has been noted in the US, but here in Britain, complaints about executive compensation have risen to a clamor. As part of our coverage of London as a global financial center this week, we bring in Deborah Hargreaves, founding director of what's called the High Pay Center here in Britain.