Stuart Rose is under threat at last. At the Marks and Spencer Annual General Meeting today there is a motion that he step down from one of his roles of Chairman and Chief Executive Officer.
As you know, I don’t rate this man as a businessman and even less as someone who is riding roughshod over the rules of corporate governance and the whole of Marks and Spencer plc.
Let’s hope the tree huggers don’t prevail and Rose does the right thing at last. A pity he is having to be forced to do this though isn’t it?
Duncan Williamson
Well, just like last year, Rose survived. There is a lot of work to do on the psychology of clowns. How shareholders will support their directors almost to the death even though they know they should turf them out is a mystery.
ReplyDeleteThe ordinary chap lives on and will now see out his days until 2011. Just wait until you see his pension!!
Duncan