THE TIMES (UK): And those who need not apply: “Sir Philip Watts, former chief executive of Shell: For losing 25% of his oil reserves, and his job as well. And for making our business editor tramp round Shell Centre in search of the loo: Judy Boynton, Shell’s former chief financial officer: Couldn’t make the oil giant’s numbers add up. Another casualty of the reserves crisis” (ShellNews.net) Posted 13 Dec 04
Sir Philip Watts, former chief executive of Shell
For losing 25% of his oil reserves, and his job as well. And for making our business editor tramp round Shell Centre in search of the loo
Judy Boynton, Shell’s former chief financial officer
Couldn’t make the oil giant’s numbers add up. Another casualty of the reserves crisis
Sir Peter Davis, former chief executive of J Sainsbury
He left Sainsbury in much the same mess that he found it when he arrived in 2000. His much vaunted £3 billion investment in automated warehouses did nothing to help product availability. And then he took a £2.6m pay-off
Roger Holmes, former chief executive of M&S
A decent and likeable man who never gave the impression he had his finger on the retailing pulse. Sacrificed at the first sight of Philip Green
Malcolm Glazer
The bearded American made a mess of his Manchester United bid, forcing through a boardroom putsch that caused his advisers, including JP Morgan, to abandon him
John Towers and the Rover Four
Continued to make millions even as Rover’s sales went into a tailspin
Jonathan Bloomer, chief executive of Prudential
For trying and failing to sell Egg, for cutting the dividend, for claiming the Pru’s finances were okay before launching a £1 billion rights issue
Sir Ian Prosser, formerly of Bass and Six Continents
Embarrassed and humiliated without even getting the job to replace Davis at Sainsbury
Lord Black, former owner of the Daily Telegraph
Just how low can his reputation go? Black was accused of running a “kleptocracy” and the US Securities and Exchange Commission charged him with fraud
Sir Ken Morrison, chairman of Wm Morrison
Last year’s winner sadly damaged his halo after misjudging the work needed to integrate Safeways, forcing the supermarkets group to issue its first profit warning