Re: Charles Morgan fights back

[Beefmeister]

So today, on the anniversary of his grandfathers death (who started the company), they've taken away his Aeromax as well.

fking baffling, the decisions they're making.

[430Racer]

There's got to be more to this than meets the eye. I've heard he was more interested in the social side of his job and that certain elements of the Morgan infrastructure were less than impressed with him.

[toppstuff]

As a fan of the company and a genuine potential client, I must say I find this most disturbing.

It is not just the apparent removal of Charles Morgan - after all, there may be perfectly good reasons although I have to say the company has been performing pretty well.

Just as unsettling for me is the sheer, hamfisted, bungling incompetence of the board in handling this affair. If they are this useless at a simple corporate communications and PR affair, this easily wrong-footed and gaffe-prone, I have to say I have little confidence in them steering a global business successfully...

[stain]

My 3 wheeler enters production next month and I am a little concerned how this will pan out.

[zeb]

I get the distinct impression this will not end well.....

[sad61t]

_Neal_ said:

...
Think we should avoid speculating until we have some actual facts.

Ah, but uninformed speculation (US) is the oxygen of online forums. So here goes:

1. Mr Morgan has grown the Morgan brand (fact).
2. He is now sitting on a small fortune (maybe, but in the true spirit of US posts I can't be bothered to make even a cursory check).
3. His vision of the future is to Aston-ise the Morgan brand, but developing new cars takes a large fortune.
4. He plans to take the small fortune and leverage a large fortune (via parties unknown, but FilthyRichOilBank Inc* will do for a placeholder), securing it with MMC lock, stock and two smoking side-exit pipes.
5. The MMC 2.0 business plan projects sales volumes in excess of 5000pa.
6. The family is appalled at such a high risk strategy (which, even if successful would utterly change the Morgan brand+), cries of desist have been ignored and their only exit strategy is to exit Mr Morgan.

* {The inclusion of base stereotypes is a requirement of US posts.}
+ {The post regarding Pagini is fitting.}

All utter speculation. Chilli was served for lunch.

[Frimley111R]

stain said:

My 3 wheeler enters production next month and I am a little concerned how this will pan out.

Lol. You've got to be kidding?

[HorneyMX5]

430Racer said:

There's got to be more to this than meets the eye. I've heard he was more interested in the social side of his job and that certain elements of the Morgan infrastructure were less than impressed with him.

That wouldn't surprise me, from what I've seen he seemed liek a chap who liked to chat. The thing is many firms spend huge sums of money looking for and fettling a brand ambassador which often never works (Se Lotus and Swiss cheese or whatever his name was). Charles embodied Morgan in every fibre of his being and I think THAT is why the fans, owners and workers feel so upset, to many he IS Morgan cars.

[searsy]

Is this the start of another truly historic British motoring marque going down the road of corporate financial gain only orientated sales, not even realising what a great British success story Morgan is. If the chassis start being made from Alu/Carbon, you know there's a tree on a bend with Morgan's name on it

[Tuna]

sad61t said:

All utter speculation. Chilli was served for lunch.

Or... (if we're truly making things up and you're not dressing up insider knowledge as speculation)..

• Charles Morgan successfully turns the company round after a decade or more in the doldrums
• Morgan is now a 'prestige brand' rather than just a classic motor company
• Sister and her husband have received a substantial foreign offer for the whole company and want to sell up.
• CM wants to stay put and keep the company in the family.

[_Neal_]

Ozzie Osmond said:

Better read the Daily Mail.

I try and avoid that, to be honest Interesting info though.

[GC8]

Frimley111R said:

stain said:

My 3 wheeler enters production next month and I am a little concerned how this will pan out.

Lol. You've got to be kidding?

My grandfather bought a number of three wheelers from HFS Morgan (and raced them), but the thought of a new one now does make me wonder...

[CraigyMc]

A post I made to the other thread on this topic (which existed long before the PH article)

CraigyMc said:

Morgan Motor Company Ltd is a subsidiary of Morgan Technologies Ltd, which is the parent of the rest of the group.

The shareholdings of this company are as follows:

Shareholders (Top 20 names shown)  Number of Shares (at Value)  Ownership (%)
CHARLES PETER HENRYMORGAN          29,133 (at £1)                  30.67
PHG MORGAN FAMILY TRUST            45,600 (at £1)                  48.00
JILLPRICE                          10,134 (at £1)                  10.67
JACQUELINEPERTWEE                   5,067 (at £1)                   5.33
CRAIGHAMILTON-SMITH                 5,066 (at £1)                   5.33

Have a peruse at http://companycheck.co.uk/company/07459137/MORGAN-...

[stain]

Frimley111R said:

Lol. You've got to be kidding?

Nope. Why?

[430Racer]

I'm sure CM's upset. He definitely won't need a drop in salary to hang on to this little beauty of a Russian model/ actress. http://www.kieramorgan.com/

Love the way she got involved on Twitter.

[sisu]

"October 18 2013 - Statement from Charles Morgan

As has been widely reported, I have been asked to leave the Morgan Motor Company by the board. It is a sad decision that I am appealing; I remain a major shareholder in Morgan.

I’m proud to say I leave with the company’s annual production volumes double what they were at the start of my tenure, with new export markets such as China opened to the company. Morgan remains a small but successful family firm.

I’d like to be clear that I am not a tycoon but a family man – I inherited a company not wealth – and unexpectedly leaving its employment will be a hardship for myself and my family. Being asked to leave the company that bears my name is also extremely personally distressing. That is made more painful as today marks 10 years since my father, Peter Morgan, died and I feel him in spirit with me in this dispute.

However my primary concern is completely for the company I have spent 30 years helping to build, and specifically for Morgan’s employees, who I hold in the highest regard. I want nothing but success for Morgan Motor Company in the future and remain committed to this goal.

I am very grateful for the expressions of support received on twitter and elsewhere, particularly from the employees of Morgan.

I will be making no further statements for the time being.

- Charles Morgan
@charlesmorganuk"

[Wacky Racer]

stain said:

Frimley111R said:

Lol. You've got to be kidding?

Nope. Why?

Get it bought man, and enjoy it....

Great fun.

[Gaspode]

There's an interesting take on it in this blog:

http://themakingprogressblues.wordpress.com/2013/1...

[CraigyMc]

Gaspode said:

There's an interesting take on it in this blog:

http://themakingprogressblues.wordpress.com/2013/1...

The blog above said:

They sound like dick-heads

Yup, agreed.

[GusB]

jeremyc said:

s the term "mattresses" some trendy phrase used within the PR world, or the work of an errant spell checker/autocomplete?

It's from the Godfather, The Wire etc... means getting ready to fight...

GusB

Edited by GusB on Friday 18th October 15:48