Threat of Loss of Control over Business after the Company Has Gone Public

April 9, 2007

Threat of Loss of Control over Business after the Company Has Gone Public “In a bid to attract more money for the further development Virgin made its shares publicly traded in 1986. The stocks sold good but it was a hard challenge to Richard Branson, because he got used to make all decisions fast and relying only on his own or on his partners’ opinion. ‘I began to lose faith in myself. I felt uneasy about making the rapid decisions I have always made, and wondered whether every decision should bе formally ratified and minuted at а board meeting. In many ways 1987, our year of being а public соmраnу, was Virgin's least creative”. Soon there were stockmarket crash, and Virgin shares fell down.”

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Kate Zakomurnaya

AGVIR.COM, Senior Editor