End of the Line for Power Giant's Great Survivor Comment

The HeraldJanuary 13, 2006

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Summary


HURRAH! That was the sentiment evident in the surge in ScottishPower shares which followed news yesterday that the utility was at last uplugging Ian Russell from the chief executive socket.

James Crosby, the successful and astute chief executive of HBOS, last week emphasised the importance of not overstaying your welcome when he stunned the City with the announcement that he would be leaving the banking giant this summer.

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Extract


End of the Line for Power Giant's Great Survivor Comment

Russell, in contrast, has appeared determined to hang around until as near chucking-out time as possible.

He even saw two of his fellow directors off the premises on September 5 in a day...

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