The Great AIM expenses fiddle

There are two sorts of businesses on AIM. Those floated by entrepreneurs who retain a large stake in the enterprise and there are those where professional (if not always competent) managers have a relatively small equity stake. Sadly most AIM companies fall into the latter category and thus there can be a clear lack of alignment between the interests of those running such a company and those who own it: shareholders (editor interject – JJB, Plus, HMV ring a bell?!!). Thus we come to the great expenses scandal which will be, I sense, a story that will start to take off in 2013. It is always good to be ahead of the curve…

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