Tuesday, October 13, 2009

A terrible indictment of Michael Grade's reign

Yesterday's Lex column in the FT maybe sums up the current state of play at ITV

It is a terrible indictment of Michael Grade’s reign as executive chairman that the company is unable to attract new tenants for its c-suite. With Sir Michael Bishop withdrawing his candidacy for the chairmanship, headhunter Russell Reynolds is again back to square one, days after Sir Crispin Davis, the previous favoured candidate, also left it in the lurch. How the headhunter must wish it had never won this mandate, which over the past six months has turned into a dismal advertisement for its capabilities.

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