Bosses slug it out
Article Abstract:
Save Group is being sued by a former managing director, Dean Overton, for breach of contract. The company's chairman, James Frost, is back by M and G's Tom Dobell, though he is criticised by Overton. Frost argues that Overton was dismissed after he had dismissed two staff members later compensated for unfair dismissal. Save also argues that Overton wrote to licensees with threats that they could have fines imposed if they opened late, which Overton denies having done. The company has no legal right to impose such fines, and a letter from Overton in Oct 1997 made such a threat.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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No smoke without Firecrest
Article Abstract:
Hall of Fame is a UK company carrying out a stock flotation to fund an exhibition relating to soccer in London, England. The managing director of the company. Gary Trowsdale, was previously a consultant with Firecrest, a failed company, and two other people associated with Firecrest will make gains from the Hall of Fame stock flotation. Some investors are concerned about the role of Malcolm Evans, previously Firecrest's managing director, who is involved in Hall of Fame.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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BA's American angst
Article Abstract:
USAir, the troubled partner of British Airways, hasmade a breakthrough in the labour agreement which will avoid Chapter 11 protection againstbankruptcy. The company is attempting to save $1 billion in costs from management savings andthrough concessions from its four labour unions. BA has a 25% shareholding in the companywhich could be diluted if the deal with the unions involves trading pay cuts for an equitystake.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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