essexboy you are correct but nothing will change. The actions taken by mangement will have been with the approval of MoL. I say that because MoL is the ultimate control freak and nothing happens without his say so. That does not mean that he gave specific instructions for these specific actions but he hired and trained people who learnt the way he wants things done. Therefore, nothing will change because it is MoL's way of running the company.
Nothing can change in the future because the basic operation of the company is long since established. It is correct that they lost this one but they will not change because it is not within their ability to change. They are locked deeply into their view of how to run the company and (as I have said before) even after MoL is gone - nothing will change. Even if the company were to become financially vulnerable - they will not change.