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"I'll be off": Bland to quit if mm02 demerger a flop

BT chairman puts his head on the block...

By Aled Herbert

Published: 24 October 2001 08:05 BST

BT chairman Sir Christopher Bland has promised to resign if the demerger of wireless division mm02 is a failure.

He told investors at an extraordinary general meeting: I certainly will [quit] if our proposals do not deliver shareholder value... I'll be off - you won't have to ask me to go - I'll be off."

Bland faced over two hours of questioning from angry investors.

Over 90 per cent of investors eventually voted to approve the plans for the demerger.

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