Is Stuart Rose on the verge of leaving Marks & Spencer?
Marks & Spencer has been quick to dampen speculation that executive chairman Stuart Rose may leave the company earlier than expected. Stuart Rose appeared on a BBC political programme and tantalisingly suggested that he may well be leaving office before his official re-election date of July 2011. So what exactly is going on?
While Rose did not exactly give a definitive leaving date, it is an open secret that his relationship with city investors and city researchers has hit rock bottom. There are many who believe he has too much control over Marks & Spencer and even though he has had a massive impact during the recovery of the business, there are still some who criticise his management style and management techniques. So is Stuart Rose getting his own back on the city?
There is a feeling within the city that Stuart Rose is looking to "get one over the city" as payback for his treatment over the last two or three years. He has come in for significant criticism from a host of people and it is perhaps the fact that he "does things his own way" which has annoyed many people. This is a story which will run and run for some time to come.
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