The news that Sir Peter Michael, one of Mrs Thatcher's favourite hi-tech industrialists and a former government adviser on industry, has sold all his shares in Cray Electronics - where in four years he led a startling turnaround - has averted an interesting juxtaposition of personalities.
Cray has agreed to take over the management consultancy, P-E International plc. One of its 'assets' is Dr David Bellamy, the environmental campaigner and television personality, whose David Bellamy Associates was bought two years ago in a deal that might have brought him £750,000. Alas, the recession made interest in the environmental consultancy he chaired - well - recede so that, according to Peter Smith, P-E's managing director of consulting, 'the value of the deal has turned out to be nothing'. However, Bellamy - who confessed at the time that being 'a woolly-headed academic' he had not read the 165-page contract - and his partner did receive an initial cash sum of £200,000. If the most 'unwoolly' environment Sir Peter bestowed on Cray prevails, one wonders if Bellamy might not take time to start reading now.