Business Leader: The City now has a textbook example of how not to recruit a chief executive
The City now has a textbook example of how not to recruit a chief executive, courtesy of blue-chip oil group BG. That is not to say that the City doubts the stellar background of the new man, Helge Lund, who turned Norway’s Statoil into a world-class exploration company during his 10 years at the top.
But having made a widely applauded choice, the oil and gas company went on to achieve the rare feat of uniting business leaders, politicians and shareholders, who have all lined up to criticise the £25m pay deal that has been devised for Lund.