David Winters and Jardine

Interesting that David Winters is spruiking Jardines Matheson at it's all time highs, saying one of it's main strengths is "western management" in Asia, inferring something, but nothing good.

Asian Godfathers - Joe Studwell, has this to say...

"If one seeks the worse record of corporate governance in the region over the past thirty years, a serious contender has to be Jardine Matheson, the original white godfather business"

"The Keswick family, who claim to be descended from William Jardine's niece, have treated minority investors in a manner that would make many godfathers blush. In the mid 1980s they created a corporate cross-holding structure within their listed company web that allows the family to run the group despite owning less than 7 per cent of JMH..."

"minority investors,... refer to Jardine's Hong Kong headquarters, with it's distinctive little round windows, as the Tower of a Thousand Arseholes."