Friday, 18 March 2016

Admirable employer retires

The late twentieth century saw a reversal of the Victorian sense that with wealth came responsibility. An equivalent of the great Quaker confectionery and banking families - Cadburys, Frys, Rowntrees, Barclays - is hard to find as it became a sin not to extract maximum profit. Employee owners like Scott Bader and the John Lewis Partnership are exceptions.

Another, Henry Engelhardt, retires this week as chief executive of the Admiral group. This article in Management Today outlines his enlightened management style, which one trusts will continue under his successor, who has been well prepared.

There is an interview with Henry Engelhardt on today's Good Morning, Wales starting about twenty-five minutes from the end.

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