Friday, February 11

Why don't Brits rule the corporate world?

Extract . . .

Vodafone in its modern, multinational form was to a large extent created by Sir Chris Gent, an ambitious Brit who went on a takeover spree around a decade ago.

Whether or not that takeover spree was good for shareholders or for the UK is an argument for another day.
Gerard Kleisterlee

But it is striking that with the appointment today of Gerard Kleisterlee as its chairman, Vodafone - the UK's second biggest company - is now chaired by a Dutchman and run by an Italian, Vittorio Colao.

For the UK's biggest multinational companies, it is now a clear trend for Brits to be in the minority in the most senior positions.

Read more here:
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/02/why_dont_brits_rule_the_corpor.html

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