While Ragging on Ritchie is an enjoyable pastime in itself, accountants can also enjoy the insane wibblings of Richard's close rival for the title of the profession's biggest idiot: Essex University professor and certified accountant Prem Sikka.

Prem is fantastic comedy value. He has a single unified thesis of the world, and he delights in spreading the message at every opportunity. I caught a panel session of his at an academic conference last year, and he ranted for a good half-hour about how the corporate world is bad, auditors are bent and banks are evil. Now, the Guardian seems to have resumed his weekly column at Comment is Free.

This week, the portion of the thesis he has decided to air is the bit about corporate power. He complains that Kraft was terribly terribly mean to its workers (by continuing to close a factory Cadbury was already closing). Then he complains that Barclays was terribly terribly kind to its workers. He thinks that everything would be much better if only the workers controlled everything.

There are a load of comments already on the article. Do look out for the comment by accounting legend, Bob Jensen. He asks where the money will come from if we destroy capital markets and whether Prem's preferred model of governance has ever worked anywhere in the history of the world.

Bob's personal website is a positive cornucopia of accounting knowledge, and you could waste days going through it all. Superb stuff.

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Filed under: Corporate governance, Other blogs with tags barclays, bob jensen, cadbury, essex university, guardian, idiots, kraft, prem sikka, richard murphy