Publisher's Synopsis
"Congratulations. Well targeted, highly topical and lively to read." -John Monks, General Secretary, Trades Union Congress
"Addresses a highly significant and topical issue and does so in a readable style drawing on the authors' long experience in industry at executive director level." -Philip Sadler, former principal of Ashridge Business School
This hard-hitting book describes in fascinating detail the little-publicised 'system' of relationships between the top managers of large companies and those in the financial markets: investment bankers, stockbrokers, fund managers, stock market analysts, city lawyers, financial PR consultants and the financial press. It explores how these relationships have evolved to the point where for the ambitious and wealth-seeking top manager, the best route to quick success and high earnings appears to be through embarking on acquisitions, mergers, portfolio restructurings, drastic cost-cutting and other high-profile financial moves.
Having their Cake...is a damning account of how lack of care, ignorance and personal greed are undermining companies and destroying corporate Britain's wealth and value.
