Major shareholders to meet Martin Broughton
Today's CityAM newspaper, which circulates in the City of London and has all the key contacts, has as its headline story that Standard Life investments, a significant shareholder in BA, has demanded a crunch meeting with Chairman Martin Broughton "in the light of the T5 fiasco". Key on the agenda is to question "whether Martin Broughton really is in control of his board".
Things really are coming to a head when one of your main shareholders sends their heavy squad in to ask the chairman what value, if any, they themself are adding to the process. If Broughton is not careful it looks like he will be joining Willie lining up at the HR department window for their P45s.