Mr Stein is due to retire as chairman and chief executive at the end of this month. As yet there is little sign of him doing so, and he's apparently still as active as ever. But even if he sticks to his word and goes, will it be enough to appease increasingly worried investors?
Peter George, heir apparent as chief executive, has been Mr Stein's runner for years. John Jackson, the intended chairman, is an accomplished and experienced enough operator, but he's also been on the Ladbroke board for more than a decade. If, as seems likely, Ladbroke needs a rights issue to pay off bondholders and restore its balance sheet, institutions are going to demand much more radical change.Reuse content