Prem Sikka is a xenophobe? Who knew?

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.

13 comments on “Prem Sikka is a xenophobe? Who knew?

  1. ……as their main concern is the returns on their investment rather than any sense of social justice in the UK……

    Whereas London based hedge funds worry about nothing else but the Gini coefficient……

  2. Has nobody pointed out to this idiot that money spent on executive renumeration comes out of their return on investment? If they could get away with paying the CEO the same as the tea lady they would, because the extra would go straight into their pockets.

  3. You’re not getting it – penniless foreigners coming to the UK looking for work (or benefits) = vibrant multiculturalism, multi-billionaire foreigners investing their cash here = evil capitalists exploiting the workers. Not racism at all, not even one eeny weeny little bit of racism. Promise. I’m a socialist, I can’t be racist, its in the rules.

  4. Matthew

    Let’s be sensible here. When it comes to the sums of money involved here, a few million for the CEO will rarely tickle the roundings. We would, rightly, scoff at anyone suggesting that the CEO salary should be cut to improve worker wages.. because it would usually make bog-all difference. Same goes when considering investor returns.

  5. Thought Gang: Sure, but Sikka and his ideological ilk make exactly that suggestion. It’s the inconsistency that annoys me.

  6. Tim, I wonder where you keep your brain, or do you actually have one.
    You have blogged for The Guardian and you know that the title and the headlines are not decied by the writers but by the publicity sekeing editorial team (please confirm that). Secondly, you clearly have no idea about the history of the man or his family and what they have been through. Just Google it and you will see how shameful your words are. I hope the entire Jewish community and people who lost loved ones i gas chambers see this page so that they can also see how mean and stupid you and your supporters are. You have become lowest of the low.

  7. Davinder,

    What does the ‘history of the man’ have to do with the comments about his writing? Google alas, has proved less to fruitfull in revealing Prim’s suffering from unknown events.

  8. Steve and David:

    Leftie emotional drama may be better that the right-wing childish turn, which is what goes on these pages.
    Tim and his kind provide no critique or analysis and just wallow in character assasinations.

  9. Davinder

    Prem’s logic is foreigner bad, local good. If Nick Griffen makes such comments, he is called a racist.

    ….Tim and his kind provide no critique or analysis and just wallow in character assasinations…..

    So the sentence…

    …..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……

    Is not a critique?

  10. None so blind as those who twist every word to suit their prejudices and do not wish to see, hear or read. This website has plenty of hatred for people whose views your don’t like and that that is different from their writings. Tim’s personalised comments on Prem and Richard Murphy provide plenty of evidence of hate (or is it madness) that is eating this man. When did you ever see Prem say anything negative about Tim as a person. Can you provide even one item of eveidence Tim? Go on Tim, here is your chance!

    Tim adsd: I seriously doubt that Prem is even aware of my existence so hunting for evidence of his saying something nasty abou8t me would be difficult really.

    Furterh, note that I don’t in fact make personal insults about these two. I don’t note that they’re short (or lanky), fat, thin, bald, hairy, wear glasses or not. I take at face value what they write, attempt to deduce their opinions from that….logical, as they’re writing to persuade us of their opinions…..and then insult on the basis of those opinions.

  11. Tim – It is not hard to find evidence of your nastiness to others, is it? If Prem has ignored you that does not surprise me because he does not discuss individuals or individualise issues. Nor does he insult people for their stupidity or great ideas. He discusses issues and you don’t actually discuss most of the issues and somehow think that personalised comments count as debate. Keep digging Tim.

    Tim adds: “you don’t actually discuss most of the issues”

    I don’t know which blog you’re reading but it’s obviously not this one, is it?

  12. Davinder speaking of discussing the issues, you haven’t discussed any. You have just come on here to repeatedly insult the host and commenters on this site. Have you to anything interesting to say, because I suspect most of us aren’t really interested in your character assessments.

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