Marks &Amp; Spencer Is Out of Luc, and Needs a Man On the Spot
Spectator, The; London › July 30, 2009
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Summary
In How to Run a Bassoon Factory, his classic handbook of business life, Mark Spade defines the managing director as the one who knows where the factory is and even goes there sometimes. It is desirable, Spade says, to have one of these. Modern boardroom practice has moved on, though: witness Marks & Spencer, whose Belgian chairman, Luc Vandevelde, must know where the head office is - yes, Baker Street - but is not often seen there. (Clue: try Belgium.) Now his colleagues are looking for a successor.
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Extract
Marks &Amp; Spencer Is Out of Luc, and Needs a Man On the Spot
In How to Run a Bassoon Factory, his classic handbook of business life, Mark Spade defines the managing director as the one who knows where the factory is and even goes there sometimes. It is desirable, Spade says, to have one of these. Modern boardroom practice has moved on, though: witness Marks & Sp...
See the full content of this document
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