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tompowdrill.bsky.social
Labour and Capital: stewardship, responsible investment, labour rights, unions, pensions, corporate governance, workforce engagement
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Very good piece by @craigpberry.bsky.social on the pensions review. Scale is fine, but financial system structure is a bigger issue. Forcing pension funds into PE is not the best way to promote growth in the UK. Resonates with the work we did with @redjen.bsky.social and @sahildutta.bsky.social

Back to the office, Elon Musk www.ft.com/content/6b52...

“in truth there was never any inherent tension between creating value and serving the interests of employees, suppliers, customers, creditors, and communities, and proponents of value maximization have always insisted that it is long-term value that has to be maximized”

Longer piece on my Substack - Actually Existing Passive Management tompowdrill.substack.com/p/actually-e...

This is quite interesting. I think a lot of people I talk to already know this is an inherently political area, but it probably helps to have a political philosopher spell it out m.youtube.com/watch?v=e-w6...

Was interested to see what Brendan o Neill had to say about Kneecap. The only real surprise was to see someone who uses cosplaying and LARPing as terms of derision really try and convince that he’s proper Irish

Can hear the Gala festival from my front room right now. I’m very jealous.

Well worth a read

interesting piece www.ft.com/content/c174...

I don’t wish to appear overly critical of my Garmin and/or Strava but I think it’s pretty unlikely I beat the 1,000m world record by 30+ seconds yesterday evening as part of a fairly easy run to Greenwich park & back. I also don’t remember floating across the Thames three times 🤷🏻‍♂️

I think this is significant. As you can see with MAGA the belief is almost impervious to evidence and there’s always a reason why it’s not Trump’s fault. You can’t fight it with sensible / rational arguments about why the punters just have to wait and not expect too much yougov.co.uk/politics/art...

My mistake, sold last October www.bridgepointgroup.com/about-us/new...

Interesting subplot - one of the big players, Care UK, is owned by Bridgepoint which has various local govt pension funds as LPs

Merck shareholders get a chance to vote on a resolution requiring public country by country reporting in 1 week #tax #transparency Big Pharma aggressively dodges tax & the risks are mounting... @factcoalition.bsky.social @cictar.bsky.social @icrict.bsky.social @globaltaxjustice.org @taxjustice.net

Chantal Mouffe writing in 2005

Got half an idea about public policy and Jenga. Some new ideas / policies are like the bricks right near the top. No solid foundations so can be reversed without doing damage. Some old ideas have *lots* of other things balanced on top. In theory you *can* move them but structural chaos likely ensues

The more I think about it the more this annoys me. If (part of) Peckham Rye is closed for a festival within a couple of miles or so (so walkable in under 30 mins let alone bus) - Dulwich Park, Burgess, Brockwell, Telegraph Hill, Ladywell, Hilly Fields, Sydenham Woods. IMHO It’s not about park access

What the www.rollingstone.com/culture/cult...

South… East… London… WINS!!!

ITFC fan in South East London - I am so fckin pleased Palace won!!!

!!!!!!!!!!

The moral arc of the universe is long but it bends towards a Palace win

God I hate the people who did this so much. I live right by Peckham Rye. I *like it* when the park is full of people. I *like it* when I can hear music (apart from the FOMO). That’s one of the reasons I live in London not boredom-on-sea www.londoncentric.media/p/mighty-hoo...

This kiss of death tweet is out there! It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop... ever, until you are dead!

A quick take on yesterday’s Next AGM where there was a very strong vote for the Living Wage resolution co-ordinated by @shareaction.bsky.social open.substack.com/pub/tompowdr...

This will land well…