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Buchanan Harvey & Co. has the reputation of being an
authoritative commentator on boardroom trends and corporate
governance. The Chairman is the author of several articles
published in broadsheet newspapers.
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The Impact of the Credit Crunch
May 6th, 2008
Confined to Low Hanging Fruit
June 22nd, 2007
Changing
of the Guard
January 17th, 2007
Takeover of
U. K. Plc
July 4th, 2006
Non-Executive Directors - Corporate Policemen?
March 14th, 2006
Chairman &
Chief Executive - Tension?
September 6th, 2005
Captains
of
Industry
April 4th, 2005
Diversity
in the Boardroom
September 6th, 2004
Board Evaluation - What is the
Point?
September 24th, 2003
Are
Corporate Governance Reports the Answer?
May 12th, 2003
A Case for Prudence
in Pensions
Financial Times - December 2002
Top Executives Under Pressure
Financial Times - July 11th, 2002
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Samuel Johar -
Chairman
Buchanan Harvey & Co. |
Financial services braced for
job losses
Financial Times - April 18, 2008
…Samuel Johar, chairman of
Buchanan Harvey, the FTSE 100 headhunter, says the pain is
not being spread evenly but will affect all areas of the
City.
“This is the first time in a few decades that the financial
services sector will bear the brunt of the downturn,” Mr.
Johar says. “In 2001 the brunt of the pain was borne by the
technology, media and telecoms sector, and in 1991 it was
borne by the manufacturing sector. This time financial
services is the downturn.”…
…“The recruitment firms with big exposures to financial
services will have a very tough time,” Mr. Johar says…
McAdam team faces tough
challenges on road ahead
Financial Times - March 22, 2008
...Samuel Johar, chairman of
Buchanan Harvey, an executive recruiter, says: "There is
euphoria surrounding these appointments but ultimately the
jury is out.
"This is a bold and interesting move. McAdam managed to
improve performance and sell a company. But that doesn't
mean he can do it again."
A Suitable Candidate for
Re-engineering
Financial Times –
September 27, 2007
... This view is shared by Samuel
Johar of Buchanan Harvey, the head-hunter. "Philip Bowman is
a top-quality chief executive when a company is planning to
be restructured and sold. He created a lot of value at
Allied Domecq and Scottish Power. But he is not the chief
executive a company would appoint to grow a business for the
long term."…
Mackenzie Seeking to Rally
Parry Opponents
Financial Times - July 5 2007
...Samuel Johar, of Buchanan
Harvey, the executive search firm, said: "To have several
directorships and then take on an executive chairmanship of
a public company, however small, does pose the question of
whether he would be able to devote sufficient time and
effort to all of the roles."…
CFO Eeyore Must Become Tigger
of No 10
Financial Times – June 25, 2007
..."The chief executive's job is
to be ambitious, take risks and grow the organisation," says
Samuel Johar of Buchanan Harvey, the executive search firm.
"The finance director's entire training is to control risk
and be risk-averse."
Mr Johar says that while the finance director might seem the
natural successor when the top job becomes vacant - an
insider whose record is known - clients usually prefer
someone with general management experience. "Most finance
directors think they could become chief executives, but they
couldn't. One in 10 will have the necessary qualities - but
they are the exception rather than the rule."…
Sports World Seeking Chairman
Financial Times – January 31,
2007
...Samuel Johar, chairman of the
executive search firm Buchanan Harvey, said: "It would be a
more acceptable arrangement from an investor's point of view
if there was an independent chairman and maybe Mike Ashley
could be a deputy chairman like Stefano."…
Private Sector Beckons
Financial Times –
January 17, 2007
…Samuel Johar, chairman of
Buchanan Harvey and Co, the headhunter, said: "He could
easily be taken on as a senior executive [at a listed
group], though not so obviously as a CEO. "As a non-exec he
could expect to get on to boards too."...
Woolworths Issues
Profits Alert
Financial Times – December 6,
2006
…Samuel Johar, chairman of the
executive search firm Buchanan Harvey, said: "If Woolworths
does not deliver through Christmas then the chief
executive's position has to be uncertain."...
Too Soon to Make Light
of Corporate Governance Burden
Financial Times – November 7,
2006
...As Samuel Johar of the UK
headhunters Buchanan Harvey puts it, "FTSE 100 chief
executives have the power of patronage. They can write
cheques for hundreds of millions and make or break careers.
That's why they have the world chasing them"...
Search Firm
Appointed to Find
ITV’S New Boss
Financial Times – August 12,
2006
..."The first thing ITV needs to do is to get its
core business right," said Samuel Johar, chairman of
Buchanan Harvey, the executive search firm. "They need to
get somebody who can get the creative side right. The City
would give a real thumbs-down if they appoint another
finance guy now."
Lord Browne Sets His
Successor a Deadline
Financial Times - July 26,
2006
…..Samuel Johar, chairman of Buchanan Harvey & Co., the
headhunter, said: "I think it is the correct decision for
Lord Browne to step down. A certain amount of apprehension
by somebody who has spent his entire working life in one
company is understandable."
But he added that the board lacked independence and that
this had contributed to it mishandling the situation and
allowing the rift to leak. "Usually companies time the
retirement of the chief executive and chairman in a way that
there is a suitable gap between the two departures. BP is in
the somewhat strange situation whereby the chief executive
will have served 13 years by 2008 and the chairman will have
been in situ for more than nine years," he said.
For Lord Browne, who yesterday confirmed what everyone
already knew when he said "I am absolutely hooked on
business," those will be soothing thoughts as he watches his
underlings home in on his desk while he plots his own second
act.
Prebensen Settles
after Turbulent Start
Financial Times - March
22, 2006
…"He has lost one of his lives," says Samuel Johar, chairman
of head-hunters Buchanan Harvey, but then events like
Katrina are not going to happen every year."…
Capita Co-Founder
Quits over £1m Loan to Labour
Financial Times - March
24, 2006
…Samuel Johar, chairman of Buchanan Harvey, the head-hunting
firm, said: "If Rod had stayed on, Capita could have
suffered from public sector organisations distancing
themselves when handing out contracts."…
Vodafone’s Network
Battler
Financial Times – March 11,
2006
…"It has been difficult for Sarin to make a clean break with
Vodafone's past," says Samuel Johar, chairman of headhunter
Buchanan Harvey. "When he started in 2003 there was an
overlap with the old guard. How does one make an about-turn
and say the former strategy was wrong?"…
Accountancy Firms Hope
to Finesse their Hands with Choice of Leaders
Financial Times - February 21, 2006
…"KPMG's choice is in stark contrast to E&Y, who've
appointed a very young, energetic guy," says Samuel Johar,
chairman of Buchanan Harvey, an executive search firm.
The E&Y choice, he notes, is consistent with a notable trend
among listed companies. "Look at the FTSE 100, too, and
we're seeing dynamic and charismatic guys such as Andy
Hornby at HBOS and Willie Walsh at BA become chief
executives," he says…
Bad News May Have
Deterred Candidate
Financial Times – February 8, 2006
… Samuel Johar, chairman of Buchanan Harvey, executive
headhunter, said: "Mr. Cousins must be doing his due
diligence to the extent that the damage from the recent
financial irregularities has been quantified and the
totality of it is known.
"He will want to be reassured that there are no more
skeletons in the cupboard," he added. …
Compass Faces
Criticism Over Executive Pay
Financial Times – February 4, 2006
… Samuel Johar, chairman of headhunter Buchanan Harvey,
said: "The priority should be for them to get the best guy. What is insensitive is when an underperforming company pays
its long-time executives too much. …
Headhunters Lured to
Different Climes
Financial Times – February 3, 2006
…"There will be a certain number of Indian and Chinese
companies who see London as an attractive city to do
business in," says Sam Johar of Buchanan Harvey.
…
Meet The New Breed Of
Chief Executive: Closer To Kindergarten Than Retirement Age
Financial Times – 7th January, 2006
…According to Samuel Johar, of Buchanan Harvey, the
executive search firm, “over the last 10 or 15 years there
has been a distinct trend towards appointing younger chief
executives. Fifteen years ago, a chief executive of a FTSE
100 company in his 30s would have been unheard of. If you
include people in their early 40s, there are even more”…
… Mr. Johar reckons today's pressures on chief executives
require a level of energy and enthusiasm that the more,
shall we say, mature person, may not have. Twenty years ago,
he suggests, chief executives delegated far more and
travelled far less than they do today…
… Mr. Johar, of Buchanan Harvey, says: “It is a good thing in
the sense that chronological age is no longer considered to
be a huge factor in the evaluation of somebody's ability to
do a job. Also it means there are more 55-year-olds ready to
take on non-executive jobs.”…
Royal Mail Offers
Headhunters Tempting Job
Financial Times – 27th October,2005
… Samuel Johar, chairman of Buchanan Harvey & Co, the London
headhunter, said: "An organisation like Royal Mail is an
acquired taste which does not appeal to everybody. It
appeals to a certain kind of high-calibre person who
deliberately wants to go in a different direction and opt
out of the rat race of plcs." The high-profile nature of
being a director of a company that affects virtually
everyone in the land, allied to the regulatory constraints
inherent in the role, would deter some otherwise highly
qualified candidates, Mr. Johar said. "You need to tap the
right kind of creature." …
Headhunted,
Shortlisted . . . and Fired
Financial Times – 8th October, 2005
… Samuel Johar, chairman of Buchanan Harvey & Co, the London
headhunter, lamented the trend for shortlists to find their
way into the newspapers… … Mr. Johar believes so, while
stressing that company chairmen have to maintain the
confidentiality of the search…
Compass – Contract
Caterer in Crisis
Financial Times – 29th September, 2005
… Samuel Johar, chairman of head-hunter Buchanan Harvey, says: "They would
do well to get somebody like Kevin Beeston, executive
chairman of Serco." …
Under Which Shell a New
Chairman?
Financial Times – 20th May, 2005
… Samuel Johar, chairman of headhunter Buchanan Harvey, has a
provocative name to throw into the ring. What about Lord
Patten, whose European commitment and political skills are
beyond doubt? As one of the fathers of the proposed European
Union constitution, Kerr is well acquainted with Patten…
Who might go for Myners
after M&S?
Financial Times – 18th May, 2005
… Among companies on the lookout for a chairman is Lloyds TSB
Group, where a search by Anna Mann has not yet found a
successor to Maarten van den Bergh. Lloyds TSB "would be a
good company for someone like Paul Myners", says Samuel Johar,
chairman of the executive search firm Buchanan Harvey…
… Recent tension between Myners and other M&S directors may
have dimmed his lustre somewhat. "It never helps you in this
sort of situation to end up in a little bit of a public spat,"
Johar says…
Rising Regulation Leaves
No Time to Run the Business
Financial Times – 3rd May,2005
…Samuel Johar, chairman of the headhunting firm Buchanan
Harvey, said: “Do the best Oxbridge graduates want to go to
private equity and hedge funds rather than listed companies?
The answer now is yes.”
There will, however, always be those willing to shoulder the
burden. Johar said: “It’s all about being a captain of
industry, about being part of the business establishment. The
private-equity guy has to stand in the rain waiting for a taxi
like the rest of us.”…
Invensys Chief Tripped
But Avoids Being Fall Guy
Financial Times – 8th April,2005
… "The hand of cards he was dealt was an atrocious one," says
Samuel Johar, chairman of Buchanan Harvey. "Yes, he
underestimated, but given the scale of the problems he's done
a creditable job." …
Evaluation: Boards Look
Outside for Help
Financial Times – 10th March,2005
… Samuel Johar, chairman of headhunter Buchanan Harvey,
agrees. Many outside consultants use board evaluations to
“massage the ego” of the chairman, he says. Some
chairmen only want to hear sycophantic evaluations from their
consultants, often from broad questionnaires sent round to all
directors. “Every consultant in town has devised a
[board evaluation] product and started flogging it to
clients,” he says. Such assessments might cost £30,000 a year.
Mr. Johar says he charges a premium price of £100,000. His
service includes interviews with all directors and close
co-ordination with chairman to identify the company’s current
skill-set and the challenges facing the business over the next
four to five years.
If skills are lacking, new directors should be hired, he
believes. Directors who no longer serve a useful function
should retire when their three year contract is up.
Responsibilities of
Non-Executive Directors: Companies are Mining ‘The Marzipan
Layer’
Financial Times – 10th March,2005
… Samuel Johar, chairman of Buchanan Harvey, the City
headhunter, says fees for being chairman of an audit committee
have been rising rapidly and can be expected in time to be
£25,000-£30,000 a year more than the £40,000 customary for an
ordinary non-exec. This reflects the fact that the work
commitment may well be double…
Long Hours and Flat
Bonuses Bring High-Flyers Down
Financial Times – 18th February, 2005
… Samuel Johar, chairman of Buchanan Harvey, the head-hunters,
said that the arrival of the large US investment banks in the
City of London had changed people's attitudes towards a career
in banking. "The American banks have become more dominant and
expect their employees to remain on call 24 hours a day, seven
days a week in return for becoming a multi-millionaire," he
said…
Unilever House Gets
Modern Facelift, Old Corporate Structure May Be Next
Financial Times – 5th February, 2005
… As Samuel Johar, chairman of Buchanan Harvey, the
headhunters, says: "Every lunch I have at the Savoy at the
moment, captains of British industry worry about what happened
at Shell and whether the same is going to happen at
Unilever."…
Women Step Up Drive
to
Break into British Boardrooms
The Sunday Times - 12th December,2004
… Samuel Johar, chief executive of Buchanan Harvey, the City
headhunter, said: “The real problem is that not enough
saplings were planted 20 years ago or have been nurtured
since. Yet everyone is out there trying to harvest mature
trees.” …
A Headhunter
that Fails
to Bag the Game
Financial Times – 8th October 2004
… However, the group’s experience outside the US appears to be
at odds with other headhunters. Samuel Johar, chairman of
Buchanan Harvey & Co says: “From our point of view, the search
market is buoyant and there is quite a lot of activity at
senior levels, main board appointments of leading public
companies. We see the trading conditions as much more
favourable than 2001, 2002 and even 2003, so far.” Another
leading London headhunter also says the market is showing no
sign of weakness…
Learning to Live
in the
Fish Bowl
Financial Times – 5th August 2004
…Samuel Johar, chairman of Buchanan Harvey & Co, the
headhunter, says that in the 1990’s there was concern that
there would be a brain drain from business to private equity. “Private Equity had a lot to offer people because of the sheer
wealth that could be garnered in a short amount of time, but
this is not happening as much any more.”…
Realising investments through initial
public offerings has also become harder. Uncertainty in global
equity markets means many companies are no longer able to list
their investments at the same types of multiples they
experienced during the late 1990’s. This means the carry – the
share of the profits that flow to the private equity partners
– is smaller. “A lot of cream has been taken off the cake and
people are having to work much harder for their profits at
private equity firms,” Mr. Johar says…
Search Firms Eye
Executive Candidates
Financial Times – 3rd June 2004
…Samuel Johar, chairman of Buchanan Harvey & Co. said: “M & S
is unstable and therefore anybody conducting a search would
look there because its people would be more responsive to an
approach.”…
…Paul Myners, a non-executive director of M
& S has become interim chairman. Head Hunters said the new
chairman would need to work with Mr. Rose as well as protect
shareholder’s interests in the face of a bid from Mr. Green. However, Mr. Johar suggested serious candidates may be
reluctant to come forward until the status of the company was
resolved…
Bidders Sniff As
Rentokil Row Rumbles On
Financial Times – 21st May 2004
…But Samuel Johar, chairman of headhunter Buchanan Harvey,
said: “An excellent business career and record has probably
been slightly blighted by the same old problem of people
staying on for too long. Sir Clive should have left when he
gave up the Chief Executive’s role. Then he would have walked
into another FTSE 100 company as chairman.”…
Spinners Turn Their
Backs On Money Business
Financial Times – 15th April
2004
…Samuel Johar, chairman of headhunters Buchanan Harvey, says
many political advisers are of "high calibre" who would have
done well in banking or management consultancy, but want to
stay close to politics and government. "They are not unsuitable per se. There is
an established career path for corporate positions. There
isn't really a slot into which they can slide particularly
well."…
Power Struggle Starts
for Crown of Headhunting
The Sunday Times – Business –
11th April 2004
...Samuel Johar of Buchanan Harvey headhunters said: “When
someone gets a good reputation, businessmen naturally
gravitate towards them. Leading chief executives and leading
human-resources managers follow the big names.”
The smaller headhunting firms also contain
highly successful figures. There are John Viney and
Milena Djurdjevic at Zygos Partnership as well as Johar at
Buchanan Harvey.
The appointment of Sir Ian Prosser as
chairman of J Sainsbury was Mann’s final big recommendation. When he was rejected in less than a week, it left a big stain
on her reputation and on that of the company. Johar said:
“Prosser’s non-appointment has to go down as one of the most
embarrassing episodes for both a company and its advisers...”
Whitehead Mann hunts
growth in America and Asia
The Sunday Times (Business) –
11th April 2004
…Samuel Johar of Buchanan Harvey, a rival,
has launched a stinging attack on Whitehead Mann, particularly
its failed appointment for the chairmanship of J. Sainsbury:
“The company was damaged by the embarrassing non-appointment
of Sir Ian Prosser to J Sainsbury,” he said…
…“Headhunters who for too long have
rubber-stamped pre-determined appointments will become a thing
of the past.”
Head-Hunters Feel
the
Heat in Quality Quest
Financial Times – 21st
February 2004
…Samuel Johar, chairman of head-hunters Buchanan Harvey & Co.,
says formal references are taken once a candidate has received
an offer. But informal references and soundings are taken all
the way through the search process. These could range from
talking to former colleagues or picking up market intelligence
over lunches and dinners...
Top Slots
in the
Corporate Sector that are in Need of Quality Personnel
Financial Times – 14th
February 2004
Samuel Johar, chairman of Buchanan Harvey & Co, the headhunter
says: “We do have a wave of vacancies. It does not say
anything. It is just coincidence.” But he does note that some
of the companies with vacancies to fill, notable ITV, the BBC,
BAE Systems and WHSmith, have specific challenges that new
appointees will have to tackle.
Old Boy Network Begins
To Feel The Pressure
Financial Times – 14th
February 2004
…“There is certainly a network based on mutual back scratching
which does not necessarily involve schools and colleges but,
essentially, comes together by virtue of the jobs that
executives are in,” says Samuel Johar, chairman of Buchanan
Harvey & Co, the headhunter… …“Very few people felt at the
time that John McGrath and Lord Blyth were ideal candidates,”
says Mr. Johar. “It has now been demonstrated, at least in the
case of John McGrath, that he was not the right individual.”…
The Chief
Executive’s
Chair Comes Under Siege from Younger Fitter Individuals
Financial Times – 30th
December 2003
…Also only 36 is Dominique Yates, business development director at
Imperial Tobacco. Based in France, Mr. Yates is responsible for
all the acquisitions, joint ventures and alliances for the
£12bn-a-year cigarette group and has yet to land a board
position.
Samuel Johar, of head-hunters Buchanan
Harvey & Co, who placed Mr. Yates at Imperial, thinks it will
not be long before he gets there.
…Two more senior executives tipped for the top by Mr. Johar are
John Manzoni, 41, and Tony Hayward, 46. Both are at BP, and Mr.
Johar says one will probably succeed Lord Browne and the other
will be quickly snapped up…
No Loss of Good Spirit
in Spite of the Loss of a Good Job at the Top of the Tree
Financial Times – 16th
December 2003
Samuel Johar of Buchanan Harvey & Co, the headhunters, thinks
he is more likely to be considered for the chairmanship of a
FTSE 250 company. “His performance and calibre is probably
better than one is likely to conclude by purely looking at the
performance of Safeway. He would do well, though, to take up a
chair of a FTSE 250 and a couple of non-executive
directorships and, depending on his performance, he could land
a FTSE 100 in two to three years time.”he says.
Norris Says Jarvis
Role Won’t Halt Mayor Bid
Financial Times - 26th
November
2003
...Samuel Johar, chairman of headhunter Buchanan Harvey & Co,
said: “He clearly appears to be hedging his bets and if he was
totally confident of winning the mayoral election, he would
probably not be taking on the chairmanship of Jarvis.”…
Just Wasting
Away in Public View
Financial Times - 17th
November
2003
...Samuel Johar, chairman of headhunters Buchanan Harvey & Co., also said
yesterday: “If Steven Norris still considers himself to be a
serious candidate for the mayor of London role, then he would
have to think twice before taking on the chairmanship and
becoming the public face of Jarvis.”…
Top jobs for the girls? Far too few in our lifetime
The Observer; 16th November 2003
…Samuel Johar, chairman of headhunters Buchanan Harvey& Co,
says “Some boards now give mandates stipulating that they want
a woman to fill the vacancy. ‘Previously, these boards would
not have taken the risk of appointing someone different’ said
Johar. ‘Now they think the safe thing is to have a woman on
the board’ But, he says, that kind of knee-jerk appointment is
no more healthy than the previous reluctance to consider a
woman.”…
How to Get Your
Stationary Chain Moving?
Financial Times - 16th October 2003
…Samuel Johar, chairman of headhunter Buchanan Harvey & Co,
said: ‘Cleary there is a perception she will be more receptive
to calls now than she may have been 18 months ago, because at
the time she was still in the race to become chief executive
of WH Smith.”..
A Diamond at the
Heart of Barclays Capital
Financial Times - 10th October
2003
… “Bob Diamond will certainly be on top of the list for most
headhunters, given his track record in developing Barclays
Capital,” said Samuel Johar, chairman of headhunters Buchanan
Harvey & Co.’’…
Marconi Appoints Finance Director
Financial Times – 24th July
2003
… “This is a bit of a coup for Marconi”, said
Samuel Johar, chairman of Buchanan Harvey & Co, the executive
search firm. “Pavi combines operational and corporate
experience and is also one of the more commercial finance
executives. They've done well on this one.”…
De La Rue Chief Expected
to Quit
Financial Times - 12th July 2003
… Samuel Johar, chairman of Buchanan Harvey, the headhunter,
said yesterday: "Mr. Much arrived at De La Rue with a halo
round his head resulting from his time at T&N but he has not
lived up to his reputation." …
Hero’s
Reward Awaits Outgoing Chairman.
Financial Times – 18th June 2003
… So what next? Samuel Johar, executive search consultant, is
in no doubt he will get a good job, but probably not heading a
FTSE 100 company. He says: “He could probably be divisional
head of a FTSE 100 or lead a FTSE 250. He could also go with
finance and lead a buy-in somewhere. He’s certainly got the
credibility to do that.”…
People
Financial Times - 5th June, 2003
Serco has appointed David Richardson, finance director of
Whitbread, the FTSE 100 leisure group, a non-executive
director. He will also take up the chairmanship of the audit
committee next April when Rhidian Jones stands down. The
search was led by Buchanan Harvey.
Reed’s Reviver
Has no
Need for Rocket Science
Financial Times – 8th May 2003
… “A lot of people forget quite how much on the back foot
he was – not for months but for years,” says Samuel Johar,
chairman of executive search firm Buchanan Harvey. …
Executives
to Provide a Run for Their Money
Financial Times -
20th April 2003
… According to Samuel Johar, chairman of Buchanan Harvey, the
headhunters, executives may soon even be able to hold their
own in the Square Mile: “Until this year, chief executives
were usually the lowest paid person in the room when they met
their advisers.” …
No Easy Task
in
Filling These Boots
Financial Times - 28th March 2003
… While some headhunters argue that tough times deter
movement, Samuel Johar, chairman of Buchanan, Harvey & Co,
disagrees: "Leading companies should be able to appoint
chairmen and chief executives even in this climate." …
City to Upturn Gravy Train
in Quest for Recruits
Financial Times -
25th January 2003
… Samuel Johar, who runs Buchanan Harvey, which specialises in
finding non-execs, says in general non-exec searches are often
not as sophisticated as those aimed at finding executive
directors. He says: “Unfortunately, they tend to be done in a
slightly amateurish manner – the headhunters ring up their
existing contacts and clients and give them a non-executive
post as a reward.” … Mr. Johar says there are a lot of bright
graduates going into the United Nations and not for profit
organisations. “They could be non-execs but only in certain
types of companies like BP, which needs international
experience. But we have never recruited any of them because
the demand has not been there.” …
Boardroom Shake-Up: Quality
of Recruiting Service is Set
to Improve
Financial Times -
21st January 2003
… Samuel Johar of Buchanan Harvey & Co. called for any changes
to allow companies a “significant transitional period”. “The
pool of non-executives must expand. A mass scramble for more
non-executives will not be good for businesses, if what they
want is quality.” In the US where there are more
non-executives on companies’ boards than executives, this has
not always promoted good corporate governance. …
Tough Turnround Man Pleases C&W Investors
Financial Times -
10th January 2003
… “Richard Lapthorne is tough operator,” says Samuel Johar,
chairman of headhunters Buchanan Harvey & Co. “He will not
shrink from taking difficult decisions." …
C&W Set
for Ejection from the FTSE 100
Financial Times -
11th December 2002
… “The non-executives have been deficient in carrying out
their responsibilities and have presided over Graham Wallace’s
incorrect strategy at Global, “said Samuel Johar, chairman of
headhunters Buchanan Harvey & Co. “Given that Sir Ralph Robins
[chair-man] was responsible for appointing Graham Wallace as
chief executive and that he presided over the appointment of
David Nash as chairman, let’s hope he does a better job of
choosing the new chairman.” …
C&W Surprised
by Shareholders’ Savagery
Financial Times -
14th November 2002
… Samuel Johar, chairman of headhunters Buchanan Harvey & Co,
said C&W’s board may have held back from looking for a
replacement to Mr. Wallace, as some of the directors had been
instrumental in his appointment in the first place. Mr. Johar
said: “It looks to be a case of not rocking the boat for
anyone. The board certainly needs new blood. The problem is
that as the company gets into worse shape this is always
harder to do.” …
A Powerful Mix
of Tenacity and Focus
Financial Times -
21st October 2002
… Samuel Johar, of Buchanan Harvey, the headhunter, who has
close contacts with current and former Diageo executives,
suggests strategic thinking is not Paul Walsh’s strongest
suit. “He is an excellent hands-on chief executive, a very
good team player and team leader, but his strengths lie in
managing the operating performance rather than blue-sky
thinking.” Strategy he suggests, is more the line of Lord
Blyth, the chairman who recently decided to increase his
involvement at Diageo. …
Who Pays the Piper Calls
the Tune
Financial Times -
3rd October 2002
… Samuel Johar, a headhunter with Buchanan Harvey, said:
“Trinity has made the right decision. Otherwise, people would
still be asking Ric Piper about what happened at WS Atkins for
the next six to 12 months. “It does not reflect terribly well
on the board that it is only by an accident of timing that
they have avoided making the wrong appointment. Then again,
there is no way they could have known what was going wrong at
WS Atkins.” …
Headhunter Comes Out
of the Corporate Shadows
Financial Times -
18th September 2002
… “In my experience, the best headhunters
then to be slightly maverick characters,” says Samuel Johar,
chairman of Buchanan Harvey & Co, which has only four
partners. “The problem with very large international firms is
that if you want to run 70 offices out of 40 countries, you
need a tightly controlled process-driven environment. Creative
people with flair do not sit happily in a sausage factory.” …
“Anna has been the top headhunter in London for almost a
decade,” says Mr. Johar. “However, headhunting is a
generational thing. Headhunters grow with their number of
contacts, and when those contacts begin to retire the
headhunter ends up running in ever decreasing circles.” …
Nash Draws
on Wide Experience
Financial Times -
16th May 2002
… “He is not necessarily very strong on interpersonal skills,”
said Samuel Johar, chairman of Buchanan Harvey & Co. an
executive search firm. “But having been finance director at
GrandMet he has enormous experience of acquisitions and
restructurings.” …
Merger Mania Brings City Workers
a Bonus Bonanza
The Sunday Times -
17th December 2000
… “The bonuses of the very top people are greater than their
salaries many times over,” said Samuel Johar a partner at
Buchanan Harvey, a head-hunting company. “It’s not just the
top people who are getting the money. A lot of people are
enjoying huge rewards.” …
City Elite Faces Bonus Squeeze
as the Big Deals Dry Up
The Times -
9th December 2000
… Samuel Johar, a partner with Buchanan Harvey, a headhunting
partnership, said that the number of banks offering guaranteed
bonus packages was on the increase. One Deutsche Bank banker
is rumoured to have been taken on to the payroll with a
three-year guaranteed bonus of $10 million. One Deutsche Bank
banker is rumoured to have been taken on to the payroll with a
three- year guaranteed bonus of $10 million. “These guarantees
are definitely increasing,” says Johar. “It is all right when
the banks are doing well and generating large revenues, but
when there is a downturn they can impact on profits and, when
the guarantees run out, some of the better people could easily
be poached anyway.” … “ING should never have bought the bank
in the first place,” says Johar. “Commercial banks very rarely
make a good job of running investment banks.” …
City’s Banking Elite
to Pick Up £5m Bonuses
The Sunday Times -
12th November 2000
… The cash give away is not limited to the best performers. “At the moment it’s so buoyant that an utter twit who happened
to have got into a good job will be making half a million or a
million-pound bonus,” said Samuel Johar, of the headhunters
Buchanan Harvey. …
Banks’ Big Bonuses May Threaten Shareholder Value
Financial Times -
22nd December 1999
… But, with so many bonuses guaranteed in advance, there is
concern about what would happen if the banks’ business was to
turn down. Most banks’ bonuses are guaranteed for two or three
years – as many as five in some cases – according to Samuel
Johar, partner at Buchanan Harvey and Co, headhunters in
London. “A lot of banks fell into a trap of guaranteed
bonuses, which they now can’t get out of,” says Mr. Johar. “But
a guaranteed bonus is not a bonus but a fixed cost to a
company, and banks deceive nobody but themselves.” …
John Lewis Appoints Outsider
to the Board for the First
Time
Financial Times -
9th July 1999
… Samuel Johar, managing director of executive research
consultants Buchanan Harvey, said appointing an outsider was a
step in the right direction for John Lewis. “It must be a move
that was overdue,” he said. “It is a good thing for any
business to have people from outside who are not necessarily
steeped in its ways and who can add a fresh perspective.” …
Granada’s Robinson Seen
as the Man to Chair M&S
The Sunday Times -
27th June 1999
… Samuel Johar, chairman of the headhunters, Buchanan Harvey,
said: “M&S needs someone with credibility in the financial
community, someone who has shown he can acclimatise himself to
sectors of which he may not have had direct experience, and
someone who has proved himself a hard-nosed businessman, Gerry
Robinson is a name that springs to mind” …
Walsh Captures Top Job
at Diageo
The Sunday Times -
9th May 1999
… “Phil is exceptionally bright, highly personable and very
commercial,” said Samuel Johar of Buchanan Harvey, the
headhunter. “He is certainly of the calibre to make the
transition from finance director to chief executive.” …
Cult of the US Manager
Financial Times -
14th April 1999
… The best excuse for acquiring US talent, says Samuel Johar,
Managing director of executive search consultants Buchanan
Harvey, is that in sectors such as telecoms the US market is
more highly developed. The same case could be made, at a
pinch, in retail banking. … By contrast, outsiders are a
high-risk option, says Buchanan Harvey’s Mr. Johar, and it
takes a great deal of money to lure them across the Atlantic. … And as the search consultant Mr. Johar says, there must be a
suspicion that something is very wrong with a company that
cannot find the talent from within its own ranks. …
Sainsbury Finance Director
to Leave
Financial Times -
31st March 1999
… “All you need is someone who can adapt to a very fast-moving
market,” said Sam Johar, of Buchanan Harvey, a recruitment
consultant. He suggested Keith Hamill of WH Smith or David
Keens of Next as possible candidates. …
How to Succeed
at the Succession Game
The Observer -
6th December 1998
… Samuel Johar of headhunters Buchanan Harvey produces a
longer list. ‘A lot depends on the company. For example, at
[the drinks group] Diageo, what they needed after the merger
was someone who was very good on the detail of the
performance. They have that in John McGrath: he’s not a
strategist. ‘But it doesn’t seem to me that Marks & Spencer is
crying out for a great retailer. They also need someone who is
a bit of a strategist.’ That said, the top of his list of
essential qualities is credibility within the City and the
investment community. “They need to be able to manage investor
relations. The reputation and image of the company and its
outside communications is very important.’
Investor-friendliness is not, however, a guarantee of success. Taylor and Teare were much feted in their previous posts:
Taylor at the Financial Times’ Lex column and then demerging
Courtaulds; Teare at Rugby Group and English China Clays. Both
appointments were also greeted with great enthusiasm, which
then evaporated, rather more quickly in Teare’s case than
Taylor’s. … Johar believes chief executives must command the
confidence and support of their fellow directors, executive
and non-executive, and be able to build a good team around
them. ‘It is amazing how many cannot do that,’ he says. ‘They
need skills to complement their own.’ …
Taylor’s Mysterious Departure Could Make
it Tough for
Bank to Size Up a Successor
Financial Times -
28th/29th November 1998
… From the outside, one headhunter put forward the name of
Keith Oates, who is quitting as deputy chairman of Marks and
Spencer after losing out in a power struggle at the retailer. “The guy with retail and financial services experience is
Keith Oates,” said Samuel Johar of Buchanan Harvey, the
executive search firm, pointing to his role in building an M&S
financial service business valued at £2b. …
The Pay of Top
FTSE 100 Executives Has Soared by 45% Since Last Year. The
Average Boss Now Earns £1m
The Sunday Times -
25th October 1998
… But should America drive British pay levels? Samuel Johar, a
Buchanan Harvey headhunter, thinks not “American pay has a
very indirect influence on Footsie directors.” Says Johar. “It
is disingenuous to suggest there is a free market between the
UK and US because there isn’t. The industry that comes closest
to that is financial service where people do move quite a lot
between New York and London.” …
The Backroom Boy Hoping
for a Sporting Chance
Financial Times -
20th/21st June 1998
… Samuel Johar, a partner at Buchanan Harvey, the headhunter,
says Mr. Hirst’s ICI background gave him all the qualifications
to run Premier Farnell – except one. “There is a problem of
lack of confidence in the investment community; and there he
has got a steep learning curve,” he says. “He hasn’t got the
reputation of credibility that is needed. He has really got to
prove himself.” …
A Sticky Issue Snowballs
into Major Controversy
The Financial Express - 12th March 1998
… Are there lessons
for the UK in the Dutch experience? “I think what has happened
at Shell has been long overdue. It was a brave decision to
take. It used to be more prevalent in the UK but now you would
be hard pushed to find examples of people hanging on too long
as chairmen or non-executive directors.” Says Samuel Johar, a
partner at Buchanan Harvey, a head-hunting firm. …
Retailers Run Short
of Candidates to Mind the Shop
Financial Times -
4th September 1997
… “Retailing in Britain is dominated by supermarket groups,
which generally have a flat structure.” Says Samuel Johar of
the recruitment consultants, Buchanan, Harvey & Co. “They tend
not to have several different chains, which divisional CEOs,
which would normally offer a good supply of candidates.”
Furthermore, those diversified retailers which do exist are
rapidly falling out of favour, largely because of the
high-profile difficulties of companies such as Sears. “Just
because Sears is not performing well does not mean everyone
there is a dumbo,” says Mr. Johar. “But unfortunately its
performance has been so poor that everyone is tarnished.” …
Global Ambitions
of People with Energy
Financial Times -
14th June 1997
… “Eric has a fine strategic mind and he is a very good man
manager,” says Mr. Sam Johar, managing director of Buchanan
Harvey, the headhunters. “But he needs a good number two. He
has a frightfully low boredom threshold and he is also
hopelessly disorganised.” …
Job Bets are
on the Men from Grandmet
Financial Times
… The job of finance director to the combined group goes to
the youthful Mr. Philip Yea. Aged 42 and appearing younger
still. Mr. Yea is “exceptionally bright, with a strategic
mind-set,” according to Mr. Sam Johar of headhunters Buchanan
Harvey. …

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