Another Bradford And Bingley Director Bites The Dust
News that Mark Stevens the respected group sales director of troubled Bradford and Bingley has given notice to quit the group has weakened a group which seems to be in something of a terminal decline. Richard Pym the new chief executive of Bradford and Bingley has expressed his regret at the decision of Mr Stevens but it seems that his mind is made up. So what next for the once famous Bradford and Bingley and the man with the bowler hat?
While there has been some concern about the lucrative contract which Richard Pym managed to negotiate there was a need for a so called safe pair of hands for the group. However, the resignation of yet another director is ripping the heart out of what was for many years a steady ship and plunged the group into yet more chaos. The company needs to secure the employment of key personnel over the coming months in order to try and gain the confidence of investors. If the company is unable to do this there may be more trouble ahead.
Bradford and Bingley has been mooted as a takeover target but as yet it has not received a firm bid although there appear to have been a number of indicative offers.
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