Sir Terry Leahy’s reign as Tesco chief executive has been slammed by his predecessor and mentor, Lord MacLaurin, in a public attack at the supermarket giant’s annual general meeting. He later told the Guardian [June 28th 2013] that Leahy “lost the plot” and that the US venture was “disastrous”.
Lord McLaurin’s attack is the more surprising from someone who has been quoted as saying that his part in the appointment of Terry Leahy to replace himself as CEO of Tesco was the achievement he was most proud of [citation required, although it appears in his Wikipedia cite].
Applying the legacy test
Applying the legacy test to Lord McLaurin and Vodaphone, we find that the company was involved in a leadership battle with Lord McLaurin as its departing chairman in 2006. Vodaphone’s view of Lord McLaurin’s legacy may be inferred from the unexpectedly low compensation package he received at the time.