What The Papers Say: Searing attacks as Strong steps down

John Major would no doubt agree with Liam Strong’s understatement that ’there’s a limit to how much fun one person should be allowed to have’. Like Major, Strong also did the decent thing and stepped down as CEO of retail group Sears last week. Presented in the press as almost solely responsible for the demise and break up of Sears, Strong regularly attracted adjectives like ’beleaguered’ and ’gaffe-prone’.

John Major would no doubt agree with Liam Strong’s understatement

that ’there’s a limit to how much fun one person should be allowed to

have’. Like Major, Strong also did the decent thing and stepped down as

CEO of retail group Sears last week. Presented in the press as almost

solely responsible for the demise and break up of Sears, Strong

regularly attracted adjectives like ’beleaguered’ and ’gaffe-prone’.



Although there was grudging recognition of the ’poisoned chalice’ he had

been handed when he became CEO five years ago, most media reports

gloated over the downward spiral of the group’s fortunes, pointing an

accusing finger at Strong’s lack of retail experience.



News of his pounds 500,000 pay off provoked predictable howls from the

City pages. Brunswick will have its hands full with the task of

recasting the remains of the group in a positive mould and convincing

shareholders, the press and the City that there can be a new dawn for a

new Sears.



Evaluation and analysis by CARMA International.



Additional cuttings supplied by The Broadcast Monitoring Company.



’What The Papers Say’ can also be found at: http//www.carma.com/carma.



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