Tag: money

The birth of life insurance

In 1744, two Presbyterian clergymen, Alexander Webster and Robert Wallace, decided to set up a life-insurance fund that would provide pensions for the widows and orphans of dead clergymen Each of their church’s ministers would pay a small portion of his income into the fund which would invest the money If a minister died, his …

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Avoid ‘ludicrous’ pay levels

Once upon a time, in the UK, in the 18/ 19th centuries, many capital (factory) owners minimised their workers’ pay in order to maximise their capital gains – they overdid it – worker resistance grew and Trade Unions were formed to argue for a fair deal for employees Years later, in the 20th century, the …

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By George, ‘every company is dying’

According to Sir George Buckley, a top quality UK export from the North of England to the USA and now Chairman of Stanley Black & Decker and Smiths Group,  the ‘basic building blocks are the same in all companies’ George says: ‘At the 30,000ft level, every company needs: A dream To know what it wants …

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