By Francis Tombs
ISBN-10: 1848855060
ISBN-13: 9781848855069
Glossy Britain remains to be dwelling with the legacy of Margaret Thatcher’s frequent coverage of privatization. How did this dramatic swap in corporation constitution impact sleek British society? What are the consequences for today’s unstable financial scenario? And what function did the champions of British play in forming the shareholder state? Francis (Lord) Tombs, immediately one in every of Britain's significant industrialists and public servants of the overdue twentieth century, explores how this shift happened and chronicles the interplay among and politics over approximately part a century. This fast paced account of top-tier enterprise bargains a penetrating exploration of the function of vital govt in enterprise in addition to many insights into vast and the issues dealing with British enterprise today. energy Politics finds an soaking up imaginative and prescient of British at a very important interval which formed this country’s social and political heritage. As a narrative of person improvement and motion in addition to a portrait of the British business panorama within the past due twentieth century, this is often a useful contribution to financial historical past.
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Example text
It concerned an electricity failure for which we were, in truth, responsible. Findlay remained silent, raking out and refilling his pipe, while the other side vented their considerable wrath. When they had expended their anger, and were beginning to feel sorry for us, Findlay produced one small error that they had made – and secured an abject apology. That taught me a great deal about tactics at difficult meetings! More seriously, I was occupied in ‘load-despatching’, by which power stations were instructed to produce power to meet the system’s varying demand and were selected on the basis of the marginal cost of generation at the time.
It is an unusual tribute to him that many of his staff at Erith continued to visit him for dinner 30 years after his retirement. Under his leadership, GEC moved from a very small player in the turbine-generator market to a position of considerable strength, and its technical advantages were widely recognised. He was little appreciated by his seniors, many of whom were academically well qualified, having been recruited by the nascent Atomic Energy Division. They were often intoxicated by their achievements in the nuclear power field and assumed, wrongly, that those successes qualified them in other established fields of which they had no knowledge.
Several months later, at Christmas, he came to see me and offered his congratulations on my division securing two large CEGB contracts. I couldn’t resist, after thanking him for his generous remarks, pointing out that the successes were in spite of his memo, which I produced from my desk drawer. He was not pleased and left without another word. Unhappily, this was not an isolated incident and I came to realise what a sterling job Douglas Smith had done in protecting the division from amateur management.
Power Politics: Political Encounters in Industry and Engineering by Francis Tombs
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