OBITUARY:Stakeholder precedents

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The Independent Online
From Mr Larry McLean

Sir: The "stakeholder society" is what we Liberal Democrats have been advocating for at least 60 years. Remember the Yellow Book of the 1920s, calling for all employees (and I stress all) to have a stake in the business they work for?

Papal encyclicals support this policy, especially Pacem in Terris, Quadragesimo Anno and Gaudem et Spes. The new catechism of the Catholic Church supports the concept of profit-sharing and co-operation between owners and workers.

I write as an investor in industrial equity shares, but I would willingly forgo some of my dividends if it would bring peace and stability in our industries.

Yours sincerely,

Larry McLean


19 January