In March, having posted a loss of £234m for 2022-23, the John Lewis Partnership announced that no annual bonuses would be paid for only the second year since 1953, warning that its situation had become so dire that jobs were at risk.
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Andrew Pendleton – Solving succession woes with Employee Ownership Trusts
When it’s time for a business owner or founder to exit their organisation, it’s not quite as simple as picking out the right farewell cake for the goodbye party. Indeed, as demonstrated by Jeff Bezos’ move from CEO to Chairman of the Board at Amazon, any sort of ownership transition or succession planning requires careful planning and execution.