Ownership Matters

Some people believe that ownership doesn’t matter with companies and for example whether a company is publicly or privately owned won’t affect its performance.

The recent problems with Vector are a good example of why this is not true, and that ownership does matter. Former director Tony Gibbs has called for the trust which owns 75% of Vector to be disbanded and shares handed over directly to consumers,

Tim Hunter in the SST also calls for the trust to quite Vector, pointing out it no longer represents all consumers or all shareholders, and that its majority ownership is the underlying factor which caused three highly experienced directors to resign.