RUTH SUNDERLAND: Finally, a true success story to shame idiots idiots

The robotics based on Merseyside Blue Prism is one of the success stories of Great Britain

You probably have not heard of Alastair Bathgate. He looks like an average guy and lives in an average house in Yorkshire. No one could guess that behind its mundane façade is a story of extraordinary wealth and business success.

He has been in charge of running Blue Prism, the Merseyside-based robotics company he founded, and now has a share of nearly £ 100 million that will take him to the rich lists. Unusually, the rewards are shared with the staff of rank, of which many will become millionaires.

The performance of Blue Prism has been amazing. Its success is on a par with the Fever-Tree beverage company, whose shares are among the highest in the stock market.

The robotics based on Merseyside Blue Prism is one of the success stories of Great Britain

The robotics based on Merseyside Blue Prism is one of the success stories of Great Britain

The two founders of that firm, Tim Warrillow and Charles Rolls, are not known either, but they have also obtained enormous rewards: they sold shares worth 330 million between them, since they floated their company and retained large shares.

It would be naive not to recognize that these two companies could fall to earth. And, unfortunately, praising any business leader is a dangerous thing for a commentator. Many of them disappointed us.

But, assuming that everything is as it seems, Fever-Tree and Blue Prism are examples of that rare beast: the Great Story of British Business Success.

It is refreshing to be able to highlight them in a moment of so much uncertainty and sadness.

The takeover of House of Fraser by Mike Ashley is a good example. The owner of Newcastle United has bought department stores outside of the administration, he certainly plans to choose the best, minimize his obligations to creditors, retirees and staff, and use the stores to whip up his sports talk.

It will hit many who look with nostalgia in the glory days of House of Fraser as a sad destiny for once great department stores.

The founder of Ineos, Sir Jim Ratcliffe

The founder of Ineos, Sir Jim Ratcliffe

Sir Philip Green

Sir Philip Green

The founder of Ineos, Sir Jim Ratcliffe, on the left, has decided to join Sir Philip Green in the tax haven of Monaco.

Then there's Sir Jim Ratcliffe, who went from being a child of the council house to a fortune of £ 21 billion as founder of the petrochemical giant Ineos. It is a pity that he has decided to move to the tax haven of Monaco, where he will be a neighbor of Sir Philip and Lady Green.

The FTSE 100 index is riddled with pay scandals, the worst of which is at the Persimmon auction house, where the boss, Jeff Fairburn, tried to buy more than £ 100 million until shareholders intervened.

In no way can Fairburn be described as an entrepreneur: he has risen to the corporate level, giving the appearance of being an ambitious fool who reaped the rewards of a housing boom fueled by government incentives.

Corporate Britain is riddled with bosses who are over rewarded and try to maximize their rewards and minimize their obligations. Workers, pensioners and customers are only collateral damage. Genuine creativity and innovation are scarce.

Greedy: the head of persimmon Jeff Fairburn tried to put pants for more than £ 100 million until the shareholders intervened

Greedy: the head of persimmon Jeff Fairburn tried to put pants for more than £ 100 million until the shareholders intervened

Greedy: the head of persimmon Jeff Fairburn tried to put pants for more than £ 100 million until the shareholders intervened

I regularly receive calls from market research companies asking how companies can restore trust. It is obvious from your questions that you think there is a nebulous activity called & # 39; social responsibility & # 39; which is completely different from normal business behavior, and which can fix & # 39; reputation problems & # 39; doing a charity job and getting better public relations.

This ignores the obvious: that behaving decently should be normal for companies and their leaders, not as an optional extra.

The objective of a company is to obtain profits by providing products and services that people need or want: any business that disagrees with society does not have a long-term future, as the banking collapse has amply demonstrated.

Companies like Blue Prism and Fever Tree show how capitalism is supposed to work.

We need more people like them, especially at a time when many companies fear a difficult Brexit and the rise of Jeremy Corbyn, and when a climate of pure cynicism about business threatens to take over.

market data

(function() {
var _fbq = window._fbq || (window._fbq = []);
if (!_fbq.loaded) {
var fbds = document.createElement(‘script’);
fbds.async = true;
fbds.src = “http://connect.facebook.net/en_US/fbds.js”;
var s = document.getElementsByTagName(‘script’)[0];
s.parentNode.insertBefore(fbds, s);
_fbq.loaded = true;
}
_fbq.push([‘addPixelId’, ‘1401367413466420’]);
})();
window._fbq = window._fbq || [];
window._fbq.push([“track”, “PixelInitialized”, {}]);
.