Michael Green forced to resign from ITV

A lesson learnt the hard way by Kenneth Lay, former chief of Enron.


Maybe because they are all so indoctrinated with the Friedman-Reagan-Thatcher philosophy of free market only the bottom line and the next quarters results matters thinking?

As has been so ably demonstrated with the case of Michael Green, chief executives who make serious errors of judgement are not actually penalised, but end up with rather large golden parachutes.

Incidentally, one wonders if the present turn of events was not in the minds of the Granada board when the amalgamation to form Granalton was being first mooted. And when the rubber met the road, the Granada board decliend to support Green as chairman of the new Granalton, despite all the previouls proposals which had previously been forthcoming from those quarters, namely to have Allen as CEO and Green as chairman. It has all been rather an effective method to get rid of the head of the competition. eh?

PS I wonder if Granada had somebody lined up for chairman of the new Granalton a long long time ago.

...Or as they all say - that's business.

Granada's still a pretty pale imitation of what it was before 93, in terms of programming quality.

It's hard to believe that a once great TV company is now responsible for Granada Men & Motors as well as much of the bilge on ITV. The Bernsteins must be revolving very swiftly in their graves.

Its not over till the fat Scotsman sings.....


CARLTON is considering pulling out of the planned £4.5bn merger with fellow TV giant Granada after the dramatic coup against its boss, Michael Green.

The Carlton board is investigating whether it can break out of the merger or find an alternative buyer, senior City sources have told the Financial Mail on Sunday.



Carlton Set To Quit ITV Merger - www.thisislondon.com

Hmmm, interesting article - when I first heard the Michael Green news I wondered if something like this would happen.

If it did happen I could well imagine all Carlton regions being re-branded as such just to rub it in Granada's nose...

I predicted ever since the ITV1 rebrand that Carlton would rebrand their own stations back to Carlton if the merger fell through - Carlton hated loosing their brand, there is a reason why they are the only company to still use their corporate logo on idents. They allowed the rebranding of their stations only as a gesture of goodwill to help the merger go along. If it goes, so will generic ITV1 from their regions. Continuity might still be generic from London, but every single ident will have the Carlton logo back on it. I've got no doubt abot that.