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The Love Bug

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In the news... [Nov. 27th, 2002|08:31 am]
The Love Bug
Stelios resigns as Chairman of easyJet
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[User Picture]From: poggs
2002-11-27 11:45 am (UTC)
!

What prompted that!?
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[User Picture]From: thelovebug
2002-11-28 01:17 am (UTC)
Stelios has not resigned from easyGroup plc, just as chairman of easyJet.

I don't know for certain, but my guess is that he's doing what Branson did with Virgin Cinemas... he brings it up to a state where it's one of the best companies in its class, and then hands it over to someone else to run. That way, he is recognised as the success of the particular company. If they screw it up, it ain't his fault.

Kinda thing :-)

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[User Picture]From: poggs
2002-11-28 01:44 am (UTC)

Re:

Leaving when things are good rather than when they're shite? :)
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[User Picture]From: thelovebug
2002-11-28 02:09 am (UTC)
Yes.

Not that I think that easyJet would ever have become shite under Stelios' control, though ;o)
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