THERE is a saying in management circles that a wise leader gets off at the second-last stop.
Whether or not Sir Moir Lockhead has ever heard this, it certainly looks as though he put it into practice when he began a very well- heeled retirement from FirstGroup in November 2010.
He might spare a thought for those remaining, who can look forward to a roasting at the annual meeting at the Aberdeen Exhibition & Conference Centre on Wednesday when they explain to shareholders why a company that was once seen as a transatlantic success story is now facing serious problems. The share price recently reached its lowest level in 12 years amid high debts, credit-rating downgrades and profit warnings that have led some to call for the resignation of Martin Gilbert, the longstanding chairman.
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