Fund Management
Markets Reward Companies That Treat Workers Well in a Crisis
Guaranteeing jobs and aiding Covid relief efforts led to disproportionate share price gains.
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For millions of Britons, March 24 will be remembered as the lockdown moment when they either lost their job or were told not to come back to work for months. For Andy Howard, it was the day his workload doubled.
In addition to running a team of 13 investment analysts at London-based asset manager Schroders Plc, he now found himself caring for four children under the age of 8, housebound as schools and nurseries closed. “The first challenge was, how’s this going to work?” says Howard, whose wife works for the U.K. government and continued to travel to the office.