John Mayo, the Marconi FD ousted last July, broke his silence this week on the events leading up to the surprise profits warning and subsequent collapse in share price.
But Marconi told Accountancy Age Mayo’s views were only about events in the past.
A spokesman said: ‘This is not terribly important now ? we are looking to the future and not the past.’
According to Mayo’s account, serialised in the Financial Times, the Marconi board threw out his plan to seek a merger that would have valued the company at £25bn in February 2000.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements