(Bloomberg) — Lloyd's of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators.
Nelson, speaking at Lloyd's annual dinner in London, said a lack of trust in business had been "fed by a steady diet of negative business behaviors" since the financial crisis in 2008.
"Just in these last weeks we have seen business — and big business — demonstrating serious corporate irresponsibility," he said at the dinner attended by Bank of England Governor Mark Carney. "For too long now, many businesses have been focusing exclusively on their own profit and return on capital."
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