The foreign ownership of UK companies has increased and 41.6% is held abroad by oligarchs, sheikhs, sovereign funds and foreign entities…….It is difficult to see why oligarchs, sheikhs and other foreign owners would be bothered by high levels of executive remuneration as their main concern is the returns on their investment rather than any sense of social justice in the UK……
Damn those dastardly foreigners sending us their money so that we can build our economy!
And it\’s actually even more interesting than that.
For he\’s compiled his statistics from UK listed companies, not actually UK companies.
So what he\’s actually recording, in part at least, is that the LSE is now an international stock exchange, not one that reflects just the UK economy.
For example, ENRC has no business operations in the UK whatsoever but it\’s listed here and the majority of the shares are owned by Kazakh oligarchs. So, by measuring UK listed companies like this he\’s creating a very odd picture of the ownership of UK companies.