It was a big move that didn't fare too well for Morrison, who knew his own turf like the back of his hand but seemed to have bitten off more than he could chew with Safeway. The company ended up in the red, and is still struggling now to find its way. Indeed, if gossip in the City is to be believed, Morrisons' shareholders have been beckoning Sir Ken towards the door for some time.
From March, the firm will be in the hands of new chairman Sir Ian Gibson, currently chairman of newspaper group Trinity Mirror. He'll be charged with burying the Safeway shakes, and leading a newly rebranded Morrisons in strengthening its position as the UK's fourth-largest supermarket.
One story, which may be apocryphal, is that Chairman Ken wasn't averse to rummaging through the stores' bins to see if he could find anything that should have been left on the shelf. Another rumour is that he loved his job so much he used to spend the odd Saturday helping out on the shop floor. You can almost imagine him finding that hard to resist even after stepping down.