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Article: Sir Peter's 'rollercoaster ride' finally grinds to halt.
- Article from:
- The Birmingham Post (England)
- Article date:
- November 1, 2001
CopyrightCOPYRIGHT 2001 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Pain Business Staff
When Peter Bonfield took over the hot seat at BT some five years ago he warned: 'Fasten your seatbelts - we are in for a roller-coaster ride.'
And how right he was. Under his stewardship - which, as many expected, is ending a year earlier than originally scheduled - BT's share price quadrupled to nudge pounds 14 but then plunged back to 300p as the telecoms giant groaned under a mountain of debt and the former world-beater fell badly behind its rivals.
Shareholders say that along with former chairman Sir Iain ...