Once again yesterday, the financial arrangements of the world’s super rich are splashed across the media as the Paradise Papers leak details of offshore investments.
Naturally, all of these powerful individuals sought the highest quality financial advice and, in some cases, may not even be fully aware where their fund managers are stashing their cash.
While there is no suggestion that any of the people listed have done anything illegal, the question has to be asked: who on earth is advising them on ethics and reputation?
Surely if you are one of the richest women in the world, one that millions look to for leadership and example, someone on your team should be focusing on the morality of each investment decision, not just on fiscal benefits?
If you are a high profile political activist or a multi-millionaire campaigning rockstar, shouldn’t you have a trusted advisor checking that nothing done in your name runs contrary to your personal and professional principles?
It would appear that, as is so often the case in business, the number-crunchers’ opinions are listened to and acted upon, without heed of the PR consequences of financial decisions that call integrity into question.
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