RE: Charles Morgan: plot thickens
Discussion
People seem to be forgetting that the claims made in this leaked document are allegations and presumably not made by Charles Morgan himself...
They may be dismiss-able offences, if they can be proven on the balance of probabilities.
This does smell a lot like an attempted boardroom coup though.
They may be dismiss-able offences, if they can be proven on the balance of probabilities.
This does smell a lot like an attempted boardroom coup though.
unrepentant said:
That's fair enough as long as the "one man" is capable.
Presumably if Peter Morgan had felt that his son was the man to take the company forward he would have made him chairman of the trustees of the trust that effectively controls the company. From the reports that we have heard he was not even a trustee..........
It does rather depend upon the purpose of the trust. Presumably if Peter Morgan had felt that his son was the man to take the company forward he would have made him chairman of the trustees of the trust that effectively controls the company. From the reports that we have heard he was not even a trustee..........
Without looking at the trust you can't actually infer anything.
For example, the trust may heave been set up to hold the daughter's share of the company to protect it from the divorce courts.
It may have been an IHT set up or a structure to protect the business from hostile outsiders or to restrict leverage.
It is also perfectly common for the beneficiary not to be a trustee.
I for one have no idea of the purpose the settlor had in mind.
It sounds like both sides, family and Charles are to blame. The family (or their advisor - lawyer / accountant) should have spotted all of these and Charles should not have done them, if they are true. But generally an empowered Director or an employee would be allowed freedom if they were doing a good job and "liked" and therefore it appears they are fed up with their brother / uncle and want him out, and are finding any little reason to go.
The PR has worked for me; I spent last night on the ads and have lined up a sub 30k three wheeler with delivery mileage and a 4/4 2.0 to look at. Far more interesting and fun than modern stuff.
The PR has worked for me; I spent last night on the ads and have lined up a sub 30k three wheeler with delivery mileage and a 4/4 2.0 to look at. Far more interesting and fun than modern stuff.
Gorbyrev said:
tomoleeds said:
The Morgan shown in the picture looks nice, the awful 3 wheeler shown on the new fifth gear this week, really made me wonder why morgan would make something so dangerous
Fun?stuttgartmetal said:
The millenium dome.
Organised by a board was a disaster.
They should've left Stephen Bayley to direct it.
Morgan seem the type of company with one man to make the decisions.
Looks like this'll go one of two ways.
And not the good way.
The millennium dome I use often as an example of perception versus reality.Organised by a board was a disaster.
They should've left Stephen Bayley to direct it.
Morgan seem the type of company with one man to make the decisions.
Looks like this'll go one of two ways.
And not the good way.
The dome was a success in project terms but widely perceived as a failure.
The London eye was a failure in project terms but perceived as a success.
tomoleeds said:
Gorbyrev said:
tomoleeds said:
The Morgan shown in the picture looks nice, the awful 3 wheeler shown on the new fifth gear this week, really made me wonder why morgan would make something so dangerous
Fun?Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
DonkeyApple said:
Digga said:
Ficed that for you.
Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
In fairness, Monkey isn't an old man worried about how his hair and make-up will look on TV. Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
However, I bet the 3 wheeler is properly scary at times
tomoleeds said:
Gorbyrev said:
tomoleeds said:
The Morgan shown in the picture looks nice, the awful 3 wheeler shown on the new fifth gear this week, really made me wonder why morgan would make something so dangerous
Fun?DreadUK said:
Seriously, there isn't enough people interested in daft kit quality cars
I'll stop you right there. 
To suggest a Morgan is "Kit car quality is absurd"...I have built from scratch both a Tiger Supersix and a Westfield, and to suggest you can compare something like these these to a Morgan is ridiculous..they are like chalk and cheese.I understand Morgan has a very healthy order book....(Whether it will have in twenty years remains to be seen, but you could say the same about any small manufacturer)
However, where I will agree with you is re Three wheelers, they do seem very poor value for money for what you get, you could buy a nice BMW, Jaguar or Mercedes for 32k. They don't seem to have any shortage of customers for them though, at least last time I was down at Malvern Link.
I would be interested if any factory workers reading this could advise us about the general state of morale within the shop floor at the present time.....
Digga said:
DonkeyApple said:
Digga said:
Ficed that for you.
Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
In fairness, Monkey isn't an old man worried about how his hair and make-up will look on TV. Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
However, I bet the 3 wheeler is properly scary at times
DonkeyApple said:
Digga said:
DonkeyApple said:
Digga said:
Ficed that for you.
Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
In fairness, Monkey isn't an old man worried about how his hair and make-up will look on TV. Perhaps have a look at Monkey Harris' video review of the Mog 3 mate.
However, I bet the 3 wheeler is properly scary at times
I think I would still rather have a vintage 3-wheeler - Jap engined - if money were no object.
This is interesting reading, and goes some way to debunk the "the boys an idiot" myth in my view.
Obviously written before the allegations were leaked, but good nonetheless.
http://www.motorsportmagazine.com/road-cars/opinio...
Obviously written before the allegations were leaked, but good nonetheless.
http://www.motorsportmagazine.com/road-cars/opinio...
Having paid a visit to the (I paid for) factory tour as a prospective buyer.
We were all told about epic USA Gumball in the new three wheeler.
So he seems to putting it about as an owner should.
Then I asked some of the long term employees, "Did you get a gold watch for for 40 years"??
You don't want to know the answer, which says more to me about the bloke/people running the company than anything in the marketing blurb could!
I did NOT order a Morgan!
ETA- there is also a well known 3rd generation family owner problem. Apparently.
We were all told about epic USA Gumball in the new three wheeler.
So he seems to putting it about as an owner should.
Then I asked some of the long term employees, "Did you get a gold watch for for 40 years"??
You don't want to know the answer, which says more to me about the bloke/people running the company than anything in the marketing blurb could!
I did NOT order a Morgan!
ETA- there is also a well known 3rd generation family owner problem. Apparently.
Edited by SkepticSteve on Wednesday 23 October 14:06
SkepticSteve said:
Then I asked some of the long term employees, "Did you get a gold watch for for 40 years"??
You don't want to know the answer, which says more to me about the bloke/people running the company than anything in the marketing blurb could!
I did NOT order a Morgan!
Well what did he say then? If it alone put you off buying a Morgan it must have been something major.You don't want to know the answer, which says more to me about the bloke/people running the company than anything in the marketing blurb could!
I did NOT order a Morgan!
AndrewEH1 said:
SkepticSteve said:
Then I asked some of the long term employees, "Did you get a gold watch for for 40 years"??
You don't want to know the answer, which says more to me about the bloke/people running the company than anything in the marketing blurb could!
I did NOT order a Morgan!
Well what did he say then? If it alone put you off buying a Morgan it must have been something major.You don't want to know the answer, which says more to me about the bloke/people running the company than anything in the marketing blurb could!
I did NOT order a Morgan!
But "You'd be lucky if he knew your name" was one comment.
The impression of that oldy-worldy all-in-it-together company went out of my mind completly.
Now I am sure his Grandfather would have personally known and treasured all of his employees back in a different era.
Beign the Boss is NOT the same as leadership.
As I say apparently 3rd generation business owners think they OWN it by birthright and many 3rd gen companies fail because they do not have what it takes to run a company.
I know two brothers who took all the money out of their company so that the employees got nothing.
"They are not getting any of our money in redundancy payments".
Their father, who had retired many years before had been know to say "How did I end up with two idiots for sons?" and because of this had only signed over the business to them, not the ownership of the property involved.
As I get older and slow down, a Morgan seemed to be just the car for me.
And to honest still does, but now it's more because of those skilled craftsmen whom I spoke to.
Never say never and if the company turns a corner I might do another visit to chat to those crafstmen.
Mattt said:
stuttgartmetal said:
The millenium dome.
Organised by a board was a disaster.
They should've left Stephen Bayley to direct it.
Morgan seem the type of company with one man to make the decisions.
Looks like this'll go one of two ways.
And not the good way.
The millennium dome I use often as an example of perception versus reality.Organised by a board was a disaster.
They should've left Stephen Bayley to direct it.
Morgan seem the type of company with one man to make the decisions.
Looks like this'll go one of two ways.
And not the good way.
The dome was a success in project terms but widely perceived as a failure.
The London eye was a failure in project terms but perceived as a success.
The public were completely underwhelmed, it was bland over priced Mandy crap.
It was an utter and complete failure.
Right down to the point where they trashed the inside, and then sold it on for peanuts.
The Eye was a success, right from the point they extended its life span because it was making loads of money.
QED
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