City: Old wounds
Sunday 06 December 1992
As Sir Anthony reminded guests at a dinner to mark his retirement at the Dorchester Hotel in London last week, they were dark days indeed for Guinness when he joined the company in the winter of 1987. His predecessor as chief executive, Ernest Saunders, had been sacked and the doors to his office locked and chained. Even the filing cabinets had been emptied by the DTI. The air was thick with scandal, recrimination and despair. In the midst of it, Sir (as he then was) Jack Lyons sent out a Christmas card showing Mrs Thatcher surrounded by the leading lights of Baine's London office and the message: 'May next year bring peace, truth and tranquillity.'
Today the contrast could hardly be greater. Guinness is one of Britain's top-performing companies, and the old wounds have healed. As if to prove the point, David Webster of Argyll, Guinness's bitter adversary in the battle for Distillers, was among those from industry, commerce, the City and government at the retirement dinner. 'It does feel strange,' he admitted. 'But it's all a long time ago now.'
Diving in at the deep end is no excuse for shirking the style stakes
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