The MoneyWeek manifesto

Companies are all too often run for the benefit of the board at the expense of investors, says Merryn Somerset Webb. That needs to change.

Want to make $500,000 a year? How about getting into the aid business? I interviewed Africa expert and author of The Rift, Alex Perry, earlier this week. Get a job helping to sort out the misery that the aid agencies tell us is Africa, and your package won't come in much below that of a London fund manager's. That's nice for the employee (if not for the donors or the needy). But it epitomises the way the aid industry has become corrupted by money.

As Perry puts it: "If you pay that much money, what kind of person applies for the job? The kind of guy who's interested in a lot of money; not the guy that's doing it out of the goodness of his heart... Combine that with a culture in which there's almost no checks and no accountability (and) you have a guy that messes up in South Sudan, gets promoted, and goes to eastern Congo and makes even more money... It's a systeman institutionalised system."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.