Ernest Saunders

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Ernest Walter Saunders (born Ernest Walter Schleyer) (born October 2, 1935 , Austria ) is a former British manager, also known as one of the Guinness Four , as he played a major role in the stock manipulation scandal in the early 1990s Corporate guinness played.

Private life

Saunder's Jewish parents emigrated to Great Britain in 1938 to escape Nazi rule. Ernest attended Emmanuel College in Cambridge and married Carole Ann Stephing in 1963, with whom he has two sons and a daughter.

Career

Saunders began his career at Beecham , Great Universal Stores and Nestlé before becoming Chairman of the Board of Guinness plc in 1981 , a position he held until 1986. In the company he was known for his cost-cutting measures, which earned him the nickname Deadly Ernest . Guinness plc is now part of the Diageo group.

Under his leadership, Guinness plc launched an ultimately successful takeover attempt in 1986 for the Edinburgh- based company United Distillers plc. This led to a rise in the price of Guinness shares. Subsequently, Saunders, along with Jack Lyons , Anthony Parnes and Gerald Ronson ) became involved in the conspiracy against contravene section 13 (1) (a) (i) of the Prevention of Fraud (Investments) Act 1958 , misbooking and theft in connection with dishonest behavior share support operation indicted and convicted on August 27, 1990. Despite the rejection of a number of appeal cases in December 2002, the European Court of Human Rights concluded that the defendants had been denied a fair trial because they were forced to provide self-incriminating information which was then used as evidence against them.

literature

  • Ernest Saunders. After doing time for his role in the 1986 Guinness scandal, he's now the pivotal figure in a legal battle for HG Holdings . In: Global Finance , Vol. 12 (1998), No. 2, p. 12, ISSN  0896-4181
  • Jonathan Guinness : Requiem for a Family Business . Macmillan, London 1997, ISBN 0-333-66191-5 .
  • Nick Kochan, Hugh Pym: The Guinness Affair. Anatomy of a Scandal . Helm Books, London 1987, ISBN 0-7470-2605-X .
  • Adrian Milne, James Long: Guinness Scandal. Biggest Story in the City's History . London 1990, ISBN 0-7181-3445-1 .
  • Maurice Punch: "Guinesty". The Guinness affair and the City of London . In: Ders .: Dirty Business. Exploring corporate misconduct; analysis and cases . Sage Publ., London 1996, ISBN 0-8039-7603-8 .
  • James Saunders: Nightmare. Ernest Saunders and the Guinness Affair . Arrow Books, London 1988, ISBN 0-09-974480-5 .

Web links

Individual evidence

  1. ^ Ernest Saunders: Out of jail and back in business
personal data
SURNAME Saunders, Ernest
ALTERNATIVE NAMES Saunders, Ernest Walter (full name); Schleyer, Ernest Walter (maiden name)
BRIEF DESCRIPTION British white collar criminal and former manager
DATE OF BIRTH October 2, 1935
PLACE OF BIRTH Austria