MOR­GAN FAM­ILY FEUD RE­SOLVED

Classics Monthly - - Fuel -

The four year dis­pute be­tween Charles Mor­gan and his fam­ily firm, the Mor­gan Car Com­pany, has come to an end. An an­nounce­ment by Mor­gan Tech­nolo­gies on Mon­day, Fe­bru­ary 20 re­vealed that Charles Mor­gan would soon re­join a new Fam­ily Coun­cil, fol­low­ing his ‘suc­cess­ful set­tle­ment of.. [a] long-run­ning em­ploy­ment dis­pute.’

It added: ‘He [Charles Mor­gan] will be in­vited to [the Fam­ily Coun­cil] as a mem­ber, as well as re­tain­ing his share­hold­ing. While there will be no change in the fam­ily share­hold­ers, the Fam­ily Coun­cil will en­sure that the wider Mor­gan fam­ily, in­clud­ing chil­dren of the cur­rent share­hold­ers, have a voice in the fu­ture strat­egy of the Mor­gan group.’

Charles Mor­gan, grand­son of Peter Mor­gan, owns be­tween 20 and 25 per cent of Mor­gan’s eq­uity – and re­mains, ac­cord­ing to Au­to­car, its largest sin­gle share­holder. Hav­ing joined the fam­ily firm in 1985, he was the last direct de­scen­dent of Henry Fred­er­ick Stan­ley Mor­gan (HFS) Mor­gan to run the com­pany. Fol­low­ing a row with the com­pany board (com­posed mainly of Mor­gan fam­ily de­scen­dents), he was dis­missed from his role as strat­egy di­rec­tor in Oc­to­ber 2013.

Spec­u­la­tion was rife as to the ex­act rea­son for Charles’ ter­mi­na­tion; in a state­ment re­leased at the time, he ar­gued that “Mor­gan’s fu­ture can­not rely on its her­itage alone... it was made in­creas­ingly clear that my phi­los­o­phy to mod­ernise Mor­gan did not fit with the phi­los­o­phy of the cur­rent management.” A year later he tried to re­gain con­trol of Mor­gan with in­vestors to buy his sib­lings out of their shares, and se­ri­ously con­sid­ered pro­duc­ing his own Mor­gan cars in­de­pen­dent of the Mor­gan Mo­tor Com­pany.

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