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Saatchi quits his own firm whilst Saga appoints a Superdry failure...

By Chris Bailey | Wednesday 11 December 2019

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

week ago I mused upon the latest corporate shocker from M&C Saatchi (SAA) but news over the last 24 hours is that one of the founders - the legendary Maurice Saatchi - along with three independent directors, have quit the firm. And quite correct too. With accounting issues and eyes off the ball, heads should roll. Apparently the CEO believes that his exit would be too damaging to the company. Whatever...

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