Gleadle's Grinder
Those of you with your finger on the pulse will have noticed that online travel agent, ticket seller and all-round touter of urgent things, lastminute.com changed their FD yesterday.
Have a look at Accountancy Age’s story if you want the full gen on the move.
TS however was more amused by the quote from a lastminute.com spokesman in The Guardian referring to the handing over of responsibility from David Howell to Stephen Gleadle as ‘a move from a finder to a grinder’. This was in relation to Howell presiding over numerous acquisitions and Gleadle being brought in to squeeze extra profit from the business.
We’re not sure that the company’s employees will be so delighted with that metaphor and many will no doubt be wondering exactly what, or who, or which parts of their anatomy are about to find their way into the grinder.
