"either an idiot... or possessed of a dangerous agenda and very cunning"
Sunday, 18 March 2007
Do the Sainsbury's pension fund trustees hold the key to a potential bid?
There's an excellent bit on Robert Peston's blog on the Beeb site about the role the trustees of the Sainsbury's pension scheme will play in any private equity bid. As so often, trustees - many of whom are trade union members - have a lot more power than is typically recognised. Does USDAW have anyone on the Sainsbury's fund? If so they ought to be talking to them asap.