Timely Warning On Overcapacity ; City Comment [Edition 2]
Evening Standard - London › May 22, 2009
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Summary
SIR Brian Pitman, in happier times chief executive and then chairman of Lloyds TSB, who is still active today as an adviser to Morgan Stanley and a non-executive director of Carphone Warehouse, delivered a trenchant warning at the Banking Outlook Europe conference this week.
His great fear is overcapacity in indus-tries across the world, and the pain that will come with downsizing now debtfuelled demand has dried up.See the full content of this document
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Timely Warning On Overcapacity ; City Comment [Edition 2]
Automobiles, where the world can produce 1...
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