UK: Serving God while conquering mammon - IM CHIEF BOB EDMISTON.

UK: Serving God while conquering mammon - IM CHIEF BOB EDMISTON. - And still on a sacred note this Lententide. Our Lord may have suggested the contractual necessity of given up one's goods in order to follow Him, but IM Group chief Bob Edmiston appears t

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Last Updated: 31 Aug 2010

And still on a sacred note this Lententide. Our Lord may have suggested the contractual necessity of given up one's goods in order to follow Him, but IM Group chief Bob Edmiston appears to have found an escape clause. Entrepreneur Edmiston has turned a £6,000 redundancy cheque from Jensen Cars into a motor-distribution-and-property business with annual profits of £28 million and a personal fortune in excess of £150 million. He is also the founder of Christian Vision, an evangelist group that beams the Good Word to mainland Chinese and provides Bibles for Vietnamese boat people. Edmiston has pumped some £4 million into Christian Vision over the past couple of years, an average of 12% on IM Holdings annual profits. (Were Lord Hanson to show similar zeal, the boat people would receive £100 million-worth of Bibles a year, which might bring buoyancy problems). "I firmly believe that God has been there to help with every difficult business decision," says Edmiston. "He takes a large slice of the credit" - and of the profit.

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