Morrisons’ interim results: past year’s challenges
Ken Morrison creates ‘bullshit’ debate
Former chairman Sir Ken Morrison stirred-up a debate over current boss Dalton Philips’ strategy for the recovery of the business.
After listening to Philips’ presentation at the retailer’s annual general meeting (agm) on June 6, the 82-year old former chairman told him: “When I left work and started working as a hobby, I chose to raise cattle.
“I have something like 1,000 bullocks and, having listened to your presentation, Dalton, you’ve got a lot more bullshit than me.”
A spokesman for the supermarket told FoodManufacture.co.uk that management was adopting the right strategy to reverse the shortfalls in sales and profitability.