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John Wilson

, concluding with a report from another sound City institution, Prudential-Bache: ‘We regard the [ISC] stock as more akin to a high-risk venture capital play moving between rounds of post-launch financing than as a stable company in conventional trading circumstances.’ Sebastian used this report to denounce publicly the merger strategy, an argument that was further strengthened when he discovered from conversations with the GEC chief executive, Sir Arnold Weinstock, that Guerin’s approaches had been rejected by Britain’s major defence and hightechnology company.44

in Ferranti: A History
John Wilson

indicated very clearly to the Ferranti International board, and perhaps more specifically to his immediate predecessor, that he was not interested in saving reputations; there was a job to be done and he was going to perform this task as rigorously as possible, whatever damage that would do to Sir Derek’s record. One might also mention that Anderson spent only three hours in conversation with Sir Derek, when the change-over was being finalised, indicating that the new chief executive was not interested in listening to extensive explanations for past mistakes.28 While

in Ferranti: A History
Mike Buckle and John Thompson

telephone conversation: ‘For the BIS to ring us was a bit embarrassing’. 12.11   The efficiency of the derivatives markets Futures and options are derivatives, so their prices are a function of the anticipated movements in the price of the underlying cash market asset. It is therefore possible to impute equilibrium prices from the prices of

in The UK financial system (fifth edition)