WHEN THESEUS RETURNED to Athens after slaying the Minotaur, his ship was preserved by the Athenians. As its old planks decayed, they were gradually replaced by new and stronger timbers. Eventually, according to Virgil, not a single plank of the original remained. The philosophers then posed the problem:
'Was the ship still Theseus's ship or was it a totally new ship? And if it was a new ship, at what point did it cease being Theseus's ship?'
Family Companies
When is a Dividend Not a Dividend?
ANDREW HUBBARD looks at the pitfalls for small companies making dividend payments to director-shareholders.
