Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Ed Goes For Bob’s Jugular
‘The “Get Bob” campaign is well underway,’ Ed confides to his diary, ‘first I’ve identified him to The Brats as the author of a report which cost them billions, now I’ve got another cunning plan up my sleeve.’
The Brats are what Ed calls the twenty-something year-old super-sharpies who monitor Ed’s company for its private equity owners, and Bob is Ed’s former oldest friend in the industry – now his bitterest enemy and sitting on the company’s supervisory board.
‘What very few people know is that many years ago Bob was briefly disqualified from acting as a company director,’ writes Ed, ‘it was only for 12 months – for allowing a company where he was a director to trade while insolvent. Not a hanging offence, but sufficient for my purposes.’
‘I don’t want to give The Brats the idea I’m running a personal campaign to oust Bob,’ adds Ed, “so I’ll wait for them to phone in their usual asshole way and I’ll drop this in casually.’
A couple of days later Ed’s diary entry reads. ‘The Brats phoned today. Ever so gently I ask the question: “How would having a director who had been disqualified affect our IPO?”‘
‘”Badly”, replied The Brat, “anyone in mind?”‘
‘”Can’t say,” I reply, “but check CamenTech’s records for 1998/9″.’
‘”That’s years ago – water under the bridge – no one’s going to remember that,” replied The Brat.’
‘”Someone might leak it,” I told him, “someone who didn’t want the IPO to succeed”.’
‘We’ll take a look at it,” replied The Brat.’
‘Another nail in Bob’s coffin,’ Ed confides to his diary, ‘roll on my $25mill.’Tags: couple of days, equity owners, jugular, offence, water under the bridge