My heart leapt when I read the words “There is such a thing… as the national interest – and it is not measured by shareholder value alone” (Leader, 5 February). For decades, as the head of a quoted and later private company, I attempted to convey this to both the financial world and successive governments. Repeatedly, I reminded them that the other stakeholders in a company (customers, employees and suppliers), on all of whom the taxpayer and the state are ultimately dependent, should not be sacrificed on the false altar of shareholder value. Britain is fortunate that AstraZeneca was spun out of the ailing British juggernaut, Imperial Chemical Industries. But this is little comfort to those who have suffered through the neglect of the national interest. Trains, power stations and large commercial ships – all basic requirements of a developed maritime nation – are among the necessities no longer built in this country, and many of the skills essential to such activities
Siddharth Kasturbhai Lalbhai s Atul entering 70th year of operations ANI | Updated: Feb 02, 2021 15:23 IST
Gujarat, [India], February 2 (ANI/NewsVoir): Established by Kasturbhai Lalbhai on September 05, 1947 and its first manufacturing plants inaugurated by the first Prime Minister of independent India, Jawaharlal Nehru on March 17, 1952, Atul Ltd. (Atul) is serving its customers across the world for the last seven decades. Siddharth Lalbhai, who nurtured the legacy of ethics in business and trusteeship in governance, spent his entire life in the development of the Company since its inception.
Siddharth Lalbhai was an industrialist and philanthropist. His career spans across decades of incredible work and meaningful purpose of serving society.
Born on June 24, 1925, to John and Sarah Gordon, Ian grew up in Chorlton-cum-Hardy Manchester. He attended Chorlton Municipal Grammar School for Boys who were briefly evacuated as a whole school at the start of the war, before leaving at 16 to start work as a copy boy at the Daily Telegraph in Manchester. He then became a junior reporter for The Manchester City News, beginning a career in journalism spanning almost 50 years. He received his calling up papers as his 18th birthday approached, joining the Royal Navy in 1943; on discovering during his medical that he was colour blind and given his ‘good education’ he was signed up as a coder and sent off to Butlins Skegness, which had been commandeered for initial training and kitting up of new recruits.
In memoriam: Ian Taylor 1946-2020
Ronel Lehmann is the CEO and founder of Finito Education
Ian Taylor, who died in June of last year, ran Vitol for two decades. He was well-liked in the City not just for his business acumen, but for his philanthropy – which, it was revealed last week, continued after his death.
Bloomberg reported he left £1m to the Royal Opera House and significantly more than that to his family foundation. Ronel Lehmann, who knew Taylor, writes for City A.M. – with the help of two Prime Ministers and a host of City grandees – on Taylor’s life and legacy.
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