Thursday, May 22, 2008

Hazlitt and Eyre stepping down

Architects of GCap's recent past, Fru Hazlitt and Richard Eyre, are to step down as part of the preparations for merger with Global.

In a complex piece of horse-trading - designed to placate the Office of Fair Trading who want time to properly investigate the effects of the union - the two companies are going to continue as "separate entities", with different people in charge - until the OFT rolls over and gives its approval. Not to prejudge, of course. Even with all these required management heads (way to cut costs, guys), there's no room for Eyre or Hazlitt. They're left feeling a bit like XFM daytimes.