Business Comment: Listing Floated As Key to Future of Widows and Daniels
Scotland on Sunday › August 31, 2009
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Summary
AS SPECULATION mounts that Lloyds may offload its Clerical Medical insurance business, the bigger question hangs over the future of Scottish Widows and, significantly, the extent to which its future as part of the group depends on whether Eric Daniels remains at the helm.
The City rumour mill last week focused on apparent shareholder unrest over the bank's desire to tap investors for cash as a way of avoiding, or at least reducing, its exposure to the government's Asset Protection Scheme.See the full content of this document
Extract
Business Comment: Listing Floated As Key to Future of Widows and Daniels
One condition being extracted by dissident shareholders is that the new chairman, Sir Win Bischoff, offers a few scalps on the board, starting with the chief executive. Daniels is said to ...
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