Outlook: Allied Carpets
Friday 27 August 1999
Geoff Brady, the new chief executive, talks a good game about maintaining the company's independence and implementing his turnaround strategy, but his chances are looking slimmer by the day. The latest tank to be parked on his lawn, the French group Tapis, looks powerful enough to blow everyone else clean out of the grounds. Poundstretcher's skinflint offer is now looking as cheap as its products. Its South African masters are unlikely to want to stretch their pounds much further.
If Mr Brady does have the rug pulled from under him, it will be one of the shortest stays in the job since Stuart Rose's gloriously lucrative eight-week reign at Argos. In the hot seat for just seven weeks and already Mr Brady is looking up the number of the local Job Centre.
But worry not, for his fall will be more cushioned than any foam-backed carpet could offer. With his 18-month contract and share options by the barrow load, he stands to make even more money for even less work than Mr Rose trousered for defending Argos last year.
Just like Mr Rose, who secured an excellent deal for his shareholders, it looks as if he won't have the bother of implementing the strategy he so bullishly extols. So no one will ever know if he might have been worth the money.
- 1 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Mystery man who gave mum heart-warming note on train 'wanted to put a smile on her face'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...