It's all relative when you're in difficulty
5th September 1981, Page 15
5th September 1981
Page 15
Page 15, 5th September 1981
— It's all relative when you're in difficulty
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THERE IS no nepotism at ERF and blood is no thicker than water. This is implicit in the request by the chairman and managing director, Peter Foden, to his nephew, Tim Foden, to resign from the post of group services director.
It must have been a painful decision, but as the chairman said, "Nobody can be sacrosanct in a public company when we are in such a severe economic recession".