MacGregor the "whizz kid" who drives a hard bargain

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you pay out over £3,300,000 fees for a person who is you six years you've got to expect results for your money.

So how does the new boss of the Coal Board come out in the bargaining productivity stakes?

Mrs Catherine Fisher, widow who cleans MacGregor's is very impressea Dy is ability to drive a hard bargain. Or at least she ought to be because he pays her less than 78p an hour.

With other peoples' money like the shareholders of American company been not quite so good. wher he conducted Amax's big expansion, the company's liabilities went to $1.3 billion. In 1981 when he was still a prominent board member of Amax he joined the rest of the board in rejecting Standard Oil's record US take-over bid. of $4 billion.

MacGregor rather coyly describes himself as being 'remiss' in-not pushing the merger through. Well he might, as Amax liabilities have SHOW gone $1.3 billion to $2.7 billion, ped from the $78.50 of fered by Standard Oil to $24.

Some US business experts predict he make the Guinness Book of Records. They say MacGregor: A costly blunder ... Amax's rejection of the Standard Oil offer was the costlies financial blunder in US corporate history.

Nor Is MacGregor always too good in pickng is pcopic. waen n stopped being head of Amax his influence made sure that the little known lowe Pierre Gousseland stepped into his shoes.

Now some unkind shareholders wish Mr Gousseland had remained little known. Under been having a real tough time. Its losses last year were nearly $400 million.

Now are you getting some idea MacGregor was prepare to leave the USA for the stimulation of new challenges in BriA little reductionist?

East Leeds Labour Party Young Socialists' motion to the LPYS Easter conference reads: "This conference believes that the increase in glue sniffing is one of the indirect con. sequences of policies.' It then asks the next move tient take immediate steps to control the abuse of such solvents.

suitable amendreverses which come in the billons can stil negotiate a deal at local level. It transpires that he has got his golf club to give hım membership al the pensioner's reduced 1alc No wonder Mrs Thatcher is impressed.

ment might read:

should naglue monopolies and the ancillary trades under joint sniffers' workers' control.' Compiled by BOB PENN. INGTON. Send contribu tions Worm's Eye DOC ISLATIO 328 Uppe Street, London N1 2XP arrive not later than Thurs «у a we pror to pasc tion.

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ACTION SOCiAlist G

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