Earlier this year, I wrote about how locavores may end up encouraging local firms to persist in doing what they are not great at doing. Yet such persistence is not necessary. In today’s interconnected environment, local firms can focus on doing what they are good at and leave the rest for others. A local firm does …
Elections are upon us in Québec, with all the ensuing brouhaha and commotion. After having lived here for a few years, I have sprouted an interest in Québec, and Canadian, politics. This in spite of the fact that I cannot vote, since I am not (yet) a Canadian citizen. But then again, I am told …
If only we knew. Alas, an answer is difficult to come by, as the recent executive pay controversy at the Royal Bank of Scotland (RBS) illustrates. In January 2012, the CEO of RBS, Mr Stephen Hester, voluntarily renounced being paid 3.6 million shares of RBS, worth about one million pound at the time. Mr Hester’s …