Summary
A worthy but misplaced sense of family duty made David Sainsbury, now Lord Sainsbury of Turville, the science minister, take over in 1992 as chief executive from his cousin John Sainsbury, Lord Sainsbury of Preston Candover. John, a details-obsessed dictator, was unlike David, a gentle consensualist more interested in philanthropy than beans and tills. Meanwhile, the family shareholding stopped the minority shareholders from having the clout to call management to account.
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Extract
The Business
Eliot Spitzer, the New York attorney general, may be a politician on the make; he may fire from the hip; he may dispense pretty rough justice. But his brash style of scalp-hunting has been far more effective in exposing and curbing...
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