Thanks to a reader for noting that Centaur has announced the retirement of Graham Sherren as Chairman of Centaur. He will stay on as a non executive for 12 months. Will this lead to a change in approach and strategy?
Labels: centaur media, graham sherren
posted by Businessmediablogger @ 9:36 am
What change in approach and strategy might that be? Centaur has no money, and when it did have, after the 2004 IPO, it chose not to spend it on acquisitions. For which the City has never forgiven it. Had Centaur done so, of course, it might have ended up like Incisive. But that won't necessarily let it off the hook now. A company without debt on its balance sheet is not the same as one with prospects.
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