Simon English: Why Ashley really is one of the good guys
Wednesday 14 December 2011
Outlook A while ago Labour leader Ed Miliband spoke of the difference between "good" business people and "bad" ones.
It is slightly surprising to report that Mike Ashley looks like he is firmly in the former camp. The retail tycoon floated his Sports Direct empire in 2007, cashing in towards £1 bn himself. He used the money to buy Newcastle United, among other things.
For quite a while after the float Ashley was loathed in the City as his shares crashed. His total disregard for corporate governance procedures and other City protocol had some questioning his integrity. He's a wrong 'un, went the whisper. Ashley's response was memorable. The complainers, he said, were just a bunch of cry babies. A reasonable point.
On Thursday Sports Direct will unveil half-year results that are likely to be strong. And next year's Olympics are just bound to be a boon to him. More than that, he treats staff well. They all get a bonus based on profits, which makes Sports Direct the John Lewis of the stock market.
Ashley did all of these things without the aid of Mary Portas. No bingo was required.
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 The confessions of men who ordered mail-order brides
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 4 Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
- 5 'Isis' schoolgirls: Missing British teenager tweets picture of her Syrian takeaway
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Power of Nepal earthquake was equivalent to 20 huge atomic bombs
Nepal earthquake video: Terrifying footage shows moment avalanche hit Everest Base Camp
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...
£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...