Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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Listed Companies

Eric Watson, Hanover Finance & Allied Farmers

Brian Gaynor
Sat, 14 Nov 2020

Brian Gaynor
Sat, 14 Nov 2020
There is little, if any, sympathy for Eric Watson as he spends time in London’s notorious Pentonville Prison.Businessmen fail, but Watson is unique because he was involved in numerous listed companies, his companies raised money from the public, and he had a lavish and high-profile lifestyle.The irony of his current situation is that he was taken down by Owen Glenn, another high-profile businessman, rather than a securities market regulator. This illustrates that businessmen who are involved with companies that squander huge sums of inves...

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