The official line from National Express Group is that the resignation of chief executive and one-time SRA chief Richard Bowker to take up a lesser job in United Arab Emirates has nothing to do with the company's parlous financial position. However, that explanation is very hard to swallow.
Having taken over the helm at a solid, if unspectacular, company from Phil White three years ago, Bowker has made a series of gambles which have seriously backfired. The £1.4bn premium he promised to...
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