Gavyn Davies, former BBC chairperson, has told friends that “he expects to spend most of his time on the wealth management business” according to the Financial Times. He is talking to Goldman Sachs bankers about setting up a company to manage the investments of wealthy clients.
The state broadcaster formerly headed by Mr. Davies extorts its funds from TV viewers. Unemployed single mothers, who may be repeatedly taken to court for watching TV without permission, are the corporation’s favourite targets.