Hints and tips:
...“The new board should look at the role of the advisers still advising the company who quite clearly gave the company poor advice,” said Richard McGuire of Piedmont....
...Mr Laffin says M&B is an industry leader in sales and profits per pub....
...It also said it had resolved that Richard McGuire and Douglas McMahon, the two representatives of Piedmont, Mr Lewis’s investment vehicle that owns 23 per cent of M&B, should step down as directors....
...“The thing with Laffin, on its own, you can get over....
...The statement comes a day after M&B decided to oust Piedmont’s two board representatives – Richard McGuire and Douglas McMahon – along with two other non-executive directors....
...But Richard McGuire, who speaks for Piedmont, told the FT it had no intention of pursuing that policy....
...Simmering boardroom tensions burst into the open this month when M&B ousted four non-executives – including Piedmont’s Richard McGuire and Douglas McMahon....
...It said that when Richard McGuire, Piedmont’s board representative, made clear on November 17 that “a small number of large shareholders” would not back the appointment of Simon Laffin as chairman, “the...
...M&B said it was raising its complaint with the Takeover Panel and also claimed that Piedmont’s representatives had sought the resignation of senior independent director Simon Laffin....
...M&B insiders claim that Mr Lewis, through his two board representatives – Richard McGuire and Douglas McMahon – vetoed Mr Norman’s candidature because he lacked experience in the pub industry....
...Richard Pennycook, finance director of WM Morrison – and an 11/10 bookies favourite – missed out on the top job to Dalton Philips, chief operating officer of Canadian grocer Loblaw....
...Richard McGuire, who was Mr Lewis’ board representative until he was ousted last month, said: “As far as we are concerned that’s not on our agenda, never been on our agenda....
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