The Strength to Change: Transforming a Business for the 21st Century - Peter PughLondon: Penguin, 1998, Hardback in Dust Wrapper.
Condition: Very Good — in Very Good Dust Wrapper. Gently bruised at the head of the spine and top corners with commensurate ruffling to the dust wrapper. Pages very gently age-tanned.
Contains: Colour photographs; Black & white drawings; Appendix; From the cover: “The Strength to Change is the story of the merger of the Halifax and Leeds, two of the largest building societies in Britain, and their courageous and ambitious decision to convert the combined society into a public company. This was courageous because it was bound to attract a great deal of criticism for abandoning the concept of mutuality and weakening the building society movement, and ambitious because of the sheer scale of the task. In the event it took the Halifax and Leeds directors six months to agree terms. It took a further two and a half years to prepare for the biggest-stock market flotation in history — 7. 6 million people sharing no less than £18 billion. Along the way there were inevitably some groups who were excluded and protested loudly. In the City, some of the bankers and brokers involved struggled to cope with the scale of the operation necessary. Halfway through the programme to flotation, the Halifax board felt it necessary to replace one merchant bank with another as its adviser and nerves were stretched as those involved realised that nothing on this scale had ever been attempted before. The Strength to Change tells the remarkable story of one of the largest and most successful mergers and conversions in business history.”