Book contents
- Front matter
- Contents
- List of illustrations
- Dedication
- Preface
- Abbreviations
- 1Ferranti by the mid-1980s
- 2The rise of ISC
- 3A step too far? Merger with ISC
- 4From honeymoon to divorce
- 5Investigations and court cases
- 6The rescue strategy
- 7The ‘New Ferranti International’
- 8Demise and epilogue
- Appendix A: The financing of Ferranti, 1970–1993
- Appendix B: Profitability and return on capital employed at Ferranti, 1970–1993
- Appendix C: Turnover and employment at Ferranti, 1970–1993
- Appendix D: Chairmen and directors of Ferranti, 1905–1993
- Bibliography
- Index
Book contents
- Front matter
- Contents
- List of illustrations
- Dedication
- Preface
- Abbreviations
- 1Ferranti by the mid-1980s
- 2The rise of ISC
- 3A step too far? Merger with ISC
- 4From honeymoon to divorce
- 5Investigations and court cases
- 6The rescue strategy
- 7The ‘New Ferranti International’
- 8Demise and epilogue
- Appendix A: The financing of Ferranti, 1970–1993
- Appendix B: Profitability and return on capital employed at Ferranti, 1970–1993
- Appendix C: Turnover and employment at Ferranti, 1970–1993
- Appendix D: Chairmen and directors of Ferranti, 1905–1993
- Bibliography
- Index
Summary
This chapter tracks the final 18 months of a business that was slowly fading into corporate obscurity, holed fatally by a massive fraud and victim of a one-sided deal with its bankers that resulted in the disposal of most of its profitable divisions. GEC’s Arnold Weinstock played a key role in the final stages, but ultimately withdrew its offer to buy the remaining activities, forcing Anderson to concede defeat. Although Ferranti disappeared as trading operation in December 1993, the name lived on in various management buy-outs and a pension scheme that ironically has continued to flourish.
Information
- Type
- Chapter
- Information
- Ferranti: A HistoryVolume 3 Management, mergers and fraud 1987–1993, pp. 254 - 287Publisher: Manchester University PressFirst published in: 2026
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