Oh, the irony of it all: that engineer of a thousand acronyms, Iain Vallance, has been hoist by his own petard. BT staff, bemused by their chairman's £450,000 salary and bobbing on the flood of abbreviations unleashed by his Operation Sovereign (a gee-upping scheme that will result, incidentally, in the loss of 40,000 BT jobs) have come up with their own acronym. Sovereign, they hiss, stands for Sod Off Vallance: Every Reorganisation Ends in Going Nowhere. Mutiny. Will the Pan-like Vallance be able to dance his way out of this one?
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