London School of Economics
The London School of Economics was founded in 1895 by Beatrice and Sidney Webb, initially funded by a bequest of £20,000 from the estate of Henry Hunt Hutchinson. Hutchinson, a lawyer and member of the Fabian Society, left the money in trust, to be put "towards advancing its [The Fabian Society's] objects in any way they [the trustees] deem advisable". The five trustees were Sidney Webb, Edward Pease, Constance Hutchinson, William de Mattos and William Clark.
Institute of Business Ethics
The Institute of Business Ethics was founded in 1986 by businesses concerned that, following the deregulation of the City of London, ‘one’s word would no longer be one’s bond’. The Big Bang radically changed the way the London Stock Exchange operated, doing away with much of what was seen by critics as ‘the old boys’ network’ and internationalising London’s financial markets.