31st August 2012, 07:13 PM
My last job was with a mutual. It was no less cut-throat or amoral than any of the profit-making organisations I worked for. The City wing of investment bankers was particularly obnoxious. Mutual status does not make a company decent, moral or a good employer. If we're looking for a better type of corporate governance and management style coupled with profit-making, John Lewis/Waitrose is probably a good direction to look.