In 1996 a long-serving managing director handed over to a new guy who went on a spending spree. He spent the company’s £3 billion of cash reserves. He spent another £8 billion raised from disposals of businesses. He spent another £3 billion which he had borrowed. Between September 2000 and July 2001 the company’s shares ...
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from Electronics Weekly https://www.electronicsweekly.com/blogs/mannerisms/fable/fable-the-wrecker-2018-03/
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