Chances of plum job may have been lost
Thursday 10 June 1993
City headhunters said that Mr Lamont's sharp criticism of his old boss, John Major, and party policy could damage his job prospects in the essentially conservative financial community, where contacts and reputation are paramount.
A financial recruitment expert at a leading City executive search firm said that Mr Lamont's reputation among City firms - already tarnished by his record on the economy and humiliating resignation - will be hurt further by his bitter remarks.
'It was ill-advised of him to lash out - the City is very wary of the unpredictable,' the consultant said. 'We are dealing with a man who is already pretty unpopular in the public eye. To aggravate that by being rude will not help his chances.'
Recruitment consultants compared him to Lord Lawson, who also 'got stroppy' after his resignation over a dispute with Baroness Thatcher about Britain's membership of the exchange rate mechanism. As a result of his public comments, some plum directorships and job offers were never extended to him, one said. Lord Lawson wrote his memoirs and took up directorships at GPA and the investment bank Barclays de Zoete Wedd after he stepped down from the Chancellor's hot seat.
Some doors in the City may be closed to Mr Lamont including, it is understood, those of the merchant banks Schroder and S G Warburg.
But his pulling power will be his experience in the European financial world and invaluable Treasury and City connections. A European bank in London might consider him a prime target for recruitment.
Stephen Bowie, financial services manager with Alderwick Consulting in London, said: 'His knowledge of the economy and financial markets are second to none, and he knows his way around City institutions, Government and policy.' His experience and contacts in European Community financial and economic circles would also be an attractive asset.
Mr Lamont was a director of the merchant bank N M Rothschild until 1979.
Presents unwrapped, turkey gobbled... it's time to relax
- 1 Jennifer Lawrence scores first UK top 40 single with Hunger Games track 'The Hanging Tree'
- 2 Shia LaBeouf claims he was raped during #IAMSORRY art installation performance
- 3 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
- 5 Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Sean Abbott: Messages of support flood in for bowler after death of Phil Hughes
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
Kim Jong-un 'in dire need of allies' within his own government as younger sister appointed to senior role
Scientists predict green energy revolution after incredible new graphene discoveries
Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Obama: The only people with the right to object to immigration are Native Americans
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Plebgate: Andrew Mitchell’s reputation in tatters as judge rules he used the word ‘pleb’
£40k - 45k per year + Benefits: Opilio Recruitment: A fantastic opportunity ...
£30k - 35k per year + Benefits: Opilio Recruitment: We’re currently re...
£35k - 45k per year + benefits: Opilio Recruitment: A fantastic opportunity ...
£60k - 80k per year + Benefits: Opilio Recruitment: A fantastic opportunity ...