Summary
Bull in a china shop Habits die hard for business editors as one Scottish businessman found to his cost last week. The Observer's former city editor Paul Farrelly launched a stinging attack on Hamish Grossart, the nephew of Sir Angus, over his performance as chairman of china group Royal Doulton.
Farrelly, now Labour MP for Newcastle-under-Lyme, urged shareholders at the annual meeting to vote against Grossart's re- election to the board, claiming the Scot had presided over a major slump in the 200-year-old business. "Since you became chair, Royal Doulton has racked up (pounds) 127 million of pre-tax losses, has never made a profit, has never paid a dividend and has seen turnover halve," said Farrelly.See the full content of this document
Extract
Business; a Few Morsels From the Great and Not so Good
He went on: "Yours is a consistent record of failure that has seen the closure of all 11 of Royal Doulton's UK factories, the sacking of over 4000 loyal worke...
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