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A moral vacuum at MG

Chris Roebuck, Visiting Professor of Transformational Leadership, examines the demise of MG and discusses the moral obligations placed on business leaders.

In 2000 Peter Beale, Nick Stephenson, John Edwards and John Towers, better known as the Phoenix Four, acquired Britain's last volume car producer, MG, from BMW for a nominal £10. The move was supported by workers and heralded by the Labour government. However, five years later the company collapsed with debts of more than £1 billion.

This week the Phoenix Four voluntarily agreed a ban for between three and six years. But how was this allowed to happen? And what does this say about the moral compass of corporate leaders? In this week's Cass Talks Chris Roebuck, Visiting Professor of Transformational Leadership, examines the demise of MG and discusses the moral obligations placed on business leaders
   

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