Reed Elsevier chairman on short-termism and cuts

FT media editor Andrew Edgecliffe-Johnson assesses comments by Anthony Habgood, chairman of Reed Elsevier, the publishing group, and Whitbread, the leisure company. He focuses on his views about City short-termism, investment in LexisNexis to stave off rivals and the Lib-Con coalition’s attempts to bring in top business people as advisers. Mr Habgood was speaking to Richard Milne, European business correspondent, for the View from the Top video series.