Summary
WHEN a company makes a serious, unforced error, the chairman should resign. They don't come much more serious or unforced than Mitchells & Butlers' stonking loss from a fantasy scheme to split the pubs from the business of selling beer, and the chairman is indeed going eventually. Roger Carr is leaving next year, for all the world as if he'd done a fine job of steering the M& B board in its five years as a freestanding company.
Carr, 61, is not retiring, goodness me no. He's chairman of Centrica, the parent company of British Gas, and he's stepping up to become chairman of Cadbury, the chocolate chunk of Cadbury- Schweppes after it splits in the spring. He's been on the board of the combine for nearly seven years, five of them as deputy chairman. The business has disappointed, and it's been bounced into a demerger that it said it was planning it all along.See the full content of this document
Extract
It's Chucking Out Time for Carr at M& B
Carr is best-re...
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