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Article: Outlook: Sir Richard Greenbury gets his Oates
- Article from:
- The Independent (London, England)
- Article date:
- November 27, 1998
CopyrightCopyright 1998 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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SO, SIR Richard Greenbury got his way after all - sort of. The
upstart pretender, Keith Oates, has been dispatched into exile,
presumably with the by now customary barrow load of money, and the
anointed successor, Peter Salsbury, confirmed in the role of chief
executive.
Sir Richard has had to throw something to the mob, so it's been
the executive bit of his continued role as chairman. Given his
character, Sir Rick can none the less be expected to act very much as
an executive non-executive for his remaining eighteen months.
The battle for the succession has been a messy affair - most un-
Marks & Spencer-like - but perhaps too much has been read into it. A
severe downturn in trading, ...