For a piece I\’m considering doing. I\’m interested in the way that large companies have become very much larger under the influence of globalisation.
My basic thought is that to get into the FTSE 100 (or, further back, FT 30) a company would be large by UK domestic standards but not necessarily by global standards. This has now obviously changed.
So what I\’m looking for is some sort of comparison of the FTSE 100 (or FT 30, or DJ Index, any will do) to GDP size. Perhaps turnover of such companies, or profits, compared to the size of the economy.
My basic point being that sure, pay for managers has risen hugely. I\’m just interested in being able to compare the principal/agent problem with the fact that these companies have become hugely (at least I think they have) larger.
Anyone got pointers to such figures? Ken?
Tim adds: Thanks Paul, yes, that is the right thing to be looking for.