As ministers were parading their shiny new industrial policy yesterday, a City row erupted that tells us rather a lot about the obstacles facing British capitalism — with or without bungs to favoured sectors from HMG. Britain’s most prominent technology investor, James Anderson, launched a fierce attack on one of its most illustrious board grandees, Stuart Chambers. Mr Anderson, who manages the highly successful Scottish Mortgage Investment Trust, accused Mr Chambers of failing to do his job properly when he agreed to sell Arm Holdings last year to Softbank, the Japanese investment group. Arm, which Mr Chambers chaired, could have had a fabulous future as an independent British company, Mr Anderson argued, but Mr Chambers capitulated to short-termist investors, while the management team wanted to…

Source: The Times November 28, 2017 00:00 UTC