Feeds

Carphone Warehouse founder retires at 37; lives the easy life

The Ringo Starr of phone shop tycoons

  • alert
  • submit to reddit

Internet Security Threat Report 2014

One of the founders of Carphone Warehouse, Guy Johnson, has decided to leave the company and "retire" at 37, spending more time with his young family. He can of course because on top of the £10 million he made from the company's float last year, he also has 11 per cent of the mobile retailer's shares - currently worth £123 million.

The rest of the board has denied there has been a big bust-up but it is clear that Mr Johnson wasn't into the pan-European powerplay that the company's success has pulled it into. Since the company floated, Mr Johnson - who was in charge of distribution and logistics - has moved further and further into the background with chairman and chief exec Charles Dunstone leaping into the spotlight.

Mr Dunstone said of the departure: "He has become a smaller part of the group and, having spoken to him, I do not think he has any plans in mind other than spending some more time with his young family."

All this has sparked one wit to call Johnson the "Ringo Starr of Carphone Warehouse". Not a bad description but we say good luck to him. Shares in the company have fallen quite a bit since the float -and are currently being brought down by rumours that the company will issue a profits warning soon (something it denies categorically) - but Guy's share is still worth over £100 million.

He has agreed not to sell the shares within two years unless the board agrees. Why not? What does he care? He's set up for life and has a young family to look after. We can think of worse things in life. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.