What the papers say: Capita ‘sacrifice’ divides the press

Rod Aldridge, chairman of outsourcing firm Capita, this week dashed to put distance between himself and his company amid the raging political ‘cash for ermine’ row (The Business Online, 26 March).

'It was simply because of this [damaging criticism] that he resigned' (The Sunday Telegraph, 26 March). It was an action appreciated by some: 'Aldridge has done the honourable thing,' said The Times' business commentator Robert Cole (24 March).

However, Aldridge's actions failed to prevent a dip in  Capita's share value and downbeat forecasts from some analysts.

'His departure will erode the group's competitive advantage, lowering potential growth' (Panmure analyst Mike Murphy, Reuters, 23 March). His value to Capita was noted: 'Aldridge leaves Capita decapitated' (Sunday Telegraph, 26 March).

Conjecture over 'cash for contracts' was not the only issue to dog Aldridge: 'Capita boss gets key role in Brown's pet project days after £1m Labour aid,' said The Times (24 March). But some commentators were exasperated that 'no presumption of the innocence or integrity of the lenders is entertained' (Will Hutton, The Observer, 26 March).

Analysis conducted by Echo Research from data supplied to PRWeek from NewsNow.

www.echoresearch.com www.newsnow.co.uk

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