Tuesday, August 23, 2022

Messing with Morgan

Section:

The ousting of Charles Morgan from the board of Morgan is a mistake

 

blank

These are turbulent times for the British motor industry. Aston Martin’s disastrous Cygnet caused losses of £34.1 million, Land Rover have axed the Defender and now Morgan have removed Charles Morgan from their board.

Charles Morgan
Charles Morgan

Following the Worcestershire based car company’s decision, Charles Morgan issued a statement on his blog on Friday. In it, he commented:

blank
blank

 

“Being asked to leave the company that bears my name is also extremely personally distressing. That is made more painful as today marks 10 years since my father, Peter Morgan, died and I feel him in spirit with me in this dispute”.

 

Charles Morgan has a thirty per cent shareholding in Morgan and is also one of the beneficiaries of a trust whose two trustees control an additional forty-eight per cent of the company. He has been described as the brand’s “lifeblood” and joined the firm in 1985.

 

Justifying their decision, however, the carmakers issued the following statement:

 

“The Morgan family recognises the management contribution that Charles has made to the family business as strategy director, and confirm that he remains a shareholder”.

 

“However, to ensure continuing success, Morgan must look to strengthen and review its strategies, and acknowledge that our management team are better placed to steer the company in the future”.

 

In our view, Morgan have made a terrible mistake in axing a visionary who has successfully steered his firm into the twenty-first century. Charles Morgan should be reinstated.

 

 

Subscribe to our free once daily email newsletter here:

    blank
    blank
    The Steeple Times
    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

    2 COMMENTS

    1. Scandalous – they are making a huge mistake. They need Charles to stay for the heritage of the company. Even Louis Vuitton still employ Patrick Louis Vuitton – its a must in a prestigious luxury empire to have an this vital link with the family that bears its name.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    £1 per week Supports The Steeple Times

    Help journalism to remain honest & independent. You can make a difference to the world today.

    3,023FansLike
    2,068FollowersFollow
    13,584FollowersFollow

    Subscribe For DAILY NEWS

    Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.

    AD
    Advertisement

    Trending Now

    Tone Deaf Dwarf – Skinflint Billionaire Bernie Ecclestone Curiously Claims He Can’t Hear In Court

    Tone deaf Putin and Prince Andrew bestie Bernie Ecclestone’s claim that he couldn’t hear in court is yet more evidence that this dwarf-like billionaire is completely off-the-scale arrogant.

    Help Find William Cookson – Missing Since August 2022 From London, SW6

    London based artist William Cookson has been missing since early August; please help his family and friends find this much-loved 45-year-old.

    A £65 Million ‘Bargain’ Boat – Seized Oligarch Gin Palace For Auction

    As government of Gibraltar auctions a seized £65 million oligarch superyacht with interiors by Jeffrey Epstein’s favourite designer to ‘bargain seekers,’ Matthew Steeples asks: “Why haven’t other seized ‘questionable assets’ been sold off already?”

    Catching A Bargain Artists’ Studio In SW3

    Swanky renovated artists’ studio in ritzy South Kensington enclave for sale for just £375,000 – naturally, there’s a catch.

    Most Popular Artcles

    Who REALLY is Omid Scobie?

    An examination of the true character traits of the Duchess of Sussex’s PR peddling biased ‘bestie’ Omid Scobie by Nikolay Kalinin.

    Justice for James Scurlock

    Power of social media proven after senseless killing of James Scurlock in Omaha, Nebraska allegedly by a controversial bar owner named Jake Gardner who has been photographed with Donald Trump.

    Moron of the Moment – Prince Harry

    With his marriage to the woman formerly known as Meghan Markle, Prince Harry has morphed into an utter bore   Prince Harry used to be a...

    Scobie Orf!

    ‘MeGain’s’ bestie Omid Scobie deservedly gets slammed by ‘Yankee Wally’ Sadie Quinlan for getting her shut down on Twitter; this childish chap should now just ‘belt up, wrap up and shut up.’