Morrisons hit back at former chairman’s ‘bullshit’ attack
Morrisons’ response to a scathing attack describing its recovery strategy as “bullshit” by its former chairman Ken Morrison was the sixth most read story of 2014.
After listening to the retailer’s boss Dalton Philips’ presentation at its annual general meeting (agm) in June, 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.”
The outspoken comments drew applause from the hundreds of shareholders who attended the agm at the retailer’s Bradford headquarters on June 5.
A spokesman told FoodManufacture.co.uk that management was adopting the right strategy to reverse the shortfalls in sales and profitability.
“Clearly there’s a difference of opinion [between management and Morrison] about the company strategy,” said the spokesman. “We are absolutely content that the right thing to do for Morrisons is to launch into the online space and to develop convenience as well as rapidly improve our systems, so that we have a 21st century business.”
