Sir Ken launches attack on top bosses at Morrisons
SIR Ken Morrison launched an attack on bosses at Morrisons today, describing its financial results as “disastrous”.
Sir Ken, who stood down as chairman at the Bradford-based supermarket in 2008, dismissed a recovery plan by chief executive Dalton Philips at today’s AGM as bull***t and said the business had failed to run its core supermarkets well.
Chief executive Dalton Philips said bosses had a clear strategy for recovery to ensure the supermarket could succeed in the changing retail marketplace but Sir Ken said he doubted the ability of the current board of directors to deliver a rapid and sustained recovery of the group, which announced in March it had slumped to a £176m loss last year.
