"The AA motoring group has floated its shares on the London Stock Exchange and has completed a management buy-in backed by institutional investors" - BBC news
So the new Executive Chairman is the former boss of Greenflag! It's interesting how some of these large brands become almost incestuous when it comes choosing it's top execs. Reminds me of Yahoos CEO who was an ex high ranking Googler.
Seems to be plenty of flotations at the moment and apparently the AA was oversubscribed. Obviously a good sign for the economy. I wonder if the ethos will change at all now the AA will be a slave to shareholder profits?
