There was a lot of good stuff here, Andrew Davis’ lament for the demise of AIM , John Kay on how entrepreneurs have grown through the centuries.
Good to see John Kay back and healthy
— Henry Tapper (@henrytapper.bsky.social) July 15, 2025 at 12:22 PM
John started us with Steve Job and the 20th century’s entrepreneur bringing everything together on the phone. He finished us with the 21st century wonder of Amazon, taking a rent on other people’s capital. We have come a long way from Arkwright and another John Kay who invented the flying shuttle. Here is how one 18th Century satirist saw him
John Kay
— Henry Tapper (@henrytapper.bsky.social) July 15, 2025 at 12:39 PM
We even got from John Kay a shot at Goldman Sachs and David Solomon’s promise to help us all (for all – read all at Goldman Sachs). This may not have gone down well with all in the hall.
Corporation message
Oh and we had a message from the Corporation of London that it wanted our financial services system to promote growth and break free from the clampdown of the past 11 years. There were a lot of talks (you can see above) and not a lot of questions from any table but ours- not me!
I took some thinking away from this event, not least about entrepreneurship. I suspect that the image below of distribution points is what Kay wanted to leave us with. We are in a new era which needs a new thinking about what big business has become
