Perhaps more people need to know who owns these companies and how ownership affects their operations.
My local company is 40% owned by JP Morgan and other hedge funds are involved in ownership. My understanding is that this is similar across many utility companies. Instead of service being their primary concern, it is the generation of revenue.
The catastrophic role of hedge funds in the UK cannot be overstated.
Perhaps more people need to know who owns these companies and how ownership affects their operations.
My local company is 40% owned by JP Morgan and other hedge funds are involved in ownership. My understanding is that this is similar across many utility companies. Instead of service being their primary concern, it is the generation of revenue.
The catastrophic role of hedge funds in the UK cannot be overstated.