Tuesday, May 15, 2007

Transparent, Naked and Worth £ 8.7 billion.

Especially liked this piece from Tom Glocer in the FT. In a time when takeovers are shrouded in mystery and the most eloquent soundbyte you can get from the management team is "no comment" - this is a bit of a beacon - especially, given that it's in the public domain. I'm of course talking of the £ 8.7 billion acquisition of Reuters by Thomson.

Read it here. (May require FT Subscription)

They call it the Naked Corporation . "They" among others, include Don Tapscott and David Ticoll - who wrote a book by that name. The age of transparency, they argue, is upon us. And as somebody wrote in the Wired Magazine if I remember correctly, "if you're going to be naked, you'd better be buff"

I believe that increased information, made richer by convergence, and more ubiquitious, will make us all more transparent. As I've argued before, we are less susceptable to persuation - by brands, by governments, by authorities - simply because we can find out the truth. Even religion, in due course, may not be beyond the reaches of Google.

Nonetheless, the first step is for corporations to be transparent and Glocer makes a great case for transparency. May his tribe flourish.


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