Eighteen years ago the economy was emerging from oil-induced recession. The cover story, The Managed Metamorphosis at ICI's Core, took a look at the chemical giant's future as it celebrated its 50th anniversary. The mood was introspective. 'The perennial doubt in the minds of many senior ICI men...is whether such a large structure is desirable'. Some hinted at radical change. 'Perhaps the interests of the nation would be better served if ICI were divided up, or at least if parts of it were hived off'.
Elsewhere, Fisons had just announced the appointment of a new chief executive. Ron Bounds, its designate, had already been at the company for 28 years. His predecessor, George Burton, was there over 40. Now, after having managed to lose two chief executives in the space of three years and carried out a purge on its board such stability must seem such a long way off.