As the Crow Flies
Page 213
I listened intently as Selwyn presented the latest figures, department by department. Once again I became aware of Cathy questioning and probing whenever she felt we were not being given a full enough explanation for any loss or innovation. She sounded like a better informed, more professional
version of Daphne.
“What are we now projecting will be the profit forecast for the year 1965?” she asked.
“Approximately nine hundred and twenty thousand pounds,” replied Selwyn, running his finger down a column of figures.
That was the moment when I realized what had to be achieved before I could convince Charlie he should announce his retirement.
“Thank you, Mr. Selwyn. Shall we move on to item number seven?” said Charlie. “The appointment of Miss Cathy Ross as deputy chairman of the board.” Removing his glasses, Charlie added, “I don’t feel it will be necessary for me to make a long speech on why—”
“Agreed,” said Daphne. “It therefore gives me considerable pleasure to propose Miss Ross as deputy chairman of Trumper’s.”
“I should like to second that proposal,” volunteered Arthur Selwyn. I could only smile at the sight of Charlie with his mouth wide open, but he still managed to ask, “Those in favor?” I raised my hand along with all but one director.
Cathy rose and gave a short acceptance speech in which she thanked the board for their confidence in her and assured them of her total commitment to the future of the company.
“Any other business?” asked Charlie, as he began stacking up his papers.
“Yes,” replied Daphne. “Having had the pleasure of proposing Miss Ross as deputy chairman I feel the time has come for me to hand in my resignation.”
“But why?” asked Charlie, looking shocked.
“Because I shall be sixty-five next month, Chairman, and I consider that to be a proper age to make way for younger blood.”
“Then I can only say—” began Charlie and this time none of us tried to stop him making a long and heartfelt speech. When he had finished we all banged the table with the palm of a hand.
Once order had been regained, Daphne said simply, “Thank you. I could not have expected such dividends from a sixty-pound investment.”
Within weeks of Daphne’s leaving the company, whenever a sensitive issue came under discussion with the board Charlie would admit to me after the meeting was over that he missed the marchioness’ particular brand of maddening common sense.
“And I wonder if you’ll miss me and my nagging tongue quite as much when I hand in my resignation?” I asked.
“What are you talking about, Becky?”
“Only that I’ll be sixty-five in a couple of years and intend to follow Daphne’s example.”
“But—”
“No buts, Charlie,” I told him. “Number I now runs itself—more than competently since I stole young Richard Cartwright from Christie’s. In any case, Richard ought to be offered my place on the main board. After all, he’s taking most of the responsibility without gaining any of the credit.”
“Well, I’ll tell you one thing,” Charlie retorted defiantly, “I don’t intend to resign, not even when I’m seventy.”
During 1965, we opened three new departments: “Teenagers,” which specialized in clothes and records with its own coffee shop attached; a travel agency, to cope with the growing demand for holidays abroad; and a gift department, “for the man who has everything.” Cathy also recommended to the board that after almost twenty years perhaps the whole barrow needed a facelift. Charlie told me that he wasn’t quite sure about such a radical upheaval, reminding me of the Fordian theory that one should never invest in anything that eats or needs to be repainted. But as Arthur Selwyn and the other directors seemed in no doubt that a refurbishment program was long overdue he only put up token resistance.
I kept to my promise—or threat as Charlie saw it—and resigned three months after my sixty-fifth birthday, leaving Charlie as the only director who still survived from the original board.
For the first time in my recollection, Charlie admitted that he was beginning to feel his age. Whenever he called for the minutes of the last meeting, he admitted, he would look around the boardroom table and realize how little he had in common with most of his fellow directors. The “bright new sparks,” as Daphne referred to them, financiers, takeover specialists, and public relations men, all seemed somehow detached from the one element that had always mattered to Charlie—the customer.
They talked of deficit financing, loan option schemes and the necessity to have their own computer, often without bothering to seek Charlie’s opinion.
“What can I do about it?” Charlie asked me after a board meeting at which he admitted he hardly opened his mouth.
He scowled when he heard my recommendation.
The following month Arthur Selwyn announced at the company’s AGM that the pretax profits for 1966 would be £1,078,600. Charlie stared down at me as I nodded firmly from the front row. He waited for “Any other business” before he rose to tell the assembled company that he felt the time had come for him to resign. Someone else must push the barrow into the seventies, he suggested.
Everyone in the room looked shocked. They spoke of the end of an era, “no possible replacement,” and said that it would never be the same again; but not one of them suggested Charlie should reconsider his position.