History of the London School of Economics
The history of the London School of Economics dates from 1895, when the School was founded by Fabian Society members Sidney and Beatrice Webb, Graham Wallas, and George Bernard Shaw, with funding provided by private philanthropy, including a bequest of £20,000 from Henry Hunt Hutchinson to the Fabian Society.
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.