Outlook: Dream Team?

The Independent (London, England), September 29, 1998 | Go to article overview
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Outlook: Dream Team?


STUART ROSE has been linked with more top jobs over the last year than Will Carling has had blond haired women. That's no mean feat, assuming the former England rugby captain's record is more than just fantasy. Many of Mr Rose's supposed dalliances were probably imagined too, but finally, and after several false starts, he seems to have scored.

It was little more than a year ago that the forthright Yorkshireman was seen as the front-runner to take the helm at WH Smith, having lost out to Terry Green in the battle to run Debenhams. The Smith's job went to Richard Handover and Mr Rose remained on the jobs market. Then along came the GUS bid for Argos. Mr Rose was parachuted in with a golden hello that guaranteed him pounds 540,000 even if he lost the bid. This he duly did, albeit after a spirited defence. Since then, he's been cited as a front runner for virtually every chief executive's post going. After all that it might have been thought he'd do rather better than Booker, a byword for corporate awfulness.

Still, Mr Rose gets an Argos style remuneration package which says he will receive a full pounds 400,000 year's pay even if Booker falls to a takeover bid at any time in the first 12 months.

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