Jim McMahon's business CV is largely irrelevant. His decision making on this specific offer was very poor to say the least. There appears to have been little or no due diligence undertaken, no sanity check on the numbers, almost no engagement with the majority shareholder (The 'Well Society), lot's of "we are the Executive Board and therefore we know everything and you serfs know nothing", not taking into consideration the £millions in assets we have / had in Bair and Miller when presenting the numbers. All of the above tells me more than any CV.
I've been in business for 40 years and never witnessed an Executive Board trying to tell the majority shareholders that they are basically too thick to make an educated decision.
Have you checked John Boyle's business CV? On paper it looked great - until he got out of his depth and nearly took MFC down with him.
History nearly repeating itself.
Congratulations to The 'Well Society for a famous victory.