The corridors of power…

The corridors of power...

It always struck me as a cruel twist of fate that Andersen spent all that money renovating its London offices, just to hand it to Deloitte & Touche. And I won't even go into the furniture - all those Labour luvvy red sofas turned into cool Tory blue.

I was back in the Andersen building for a meeting with Ian McIsaac, one of the few people to have got one over Robert Maxwell. McIsaac persuaded Maxwell to sign off a deal in the middle of the night on less than favourable terms. When Maxwell realised that he’d been done, he tried to intimidate McIsaac into rewriting the contract – to no avail.

From henceforth, Maxwell opened his letters to McIsaac: ‘Dear Deceiver’, signing: ‘Yours Deceivedly’.

It reminds me of the man who enraged Maxwell by smoking a cigarette while sharing a lift with him in the old Mirror building. Maxwell wrote out a cheque on the spot and told him he was fired. He later found out that the man was a courier dropping something off.

McIsaac chairs the Society of Turnaround Professionals (STP), set up three years ago to provide a voice for company doctors. Jon Moulton of Alchemy Partners is a member, although, surprisingly, David James is not.

Three years on, the STP is eager to boost its membership. It is keen to hear from people performing turnarounds for charities and National Health trusts and working outside London. ‘Where are they all?’ asks McIsaac.

‘This work is going on up and down the country.’

McIsaac says many company doctors are loners who could benefit from a bit of networking. ‘You won’t be lonely anymore,’ he says. ‘You can come to meetings and swap names and contacts.’

Don’t you feel sorry for them? Poor lonely souls.

  • Jon Ashworth is business features editor at The Times.
Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article