Clive Thompson

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Sir Clive Thompson (born 4 April 1943) (aka Mr 20% or That Unreconstructed Thatcherite^[1]) was Chairman of European Home Retail (EHR), a company which went into administration in October 2006, owing money to thousands of members of its Christmas savings club. EHR supported its financial difficulties by moving money from its subsidiary Farepak.

In due course the liquidators will establish whether the money collected by Farepak from shoppers saving for Christmas was, (or should have been), held in trust for the savers, or whether the savings were general funds available to Farepak and its parent company to be used in discharge of bank loans. The liquidators will also establish whether EHR was already insolvent at the time it removed savers' funds from Farepak.

Thompson was on an annual consultancy fee of £100,000.^[2] Previously Thompson was Chief executive of Rentokil Initial and President of the Confederation of British Industry.

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• Monbiot.com - Deregulation Kills - 5/11/98
• The Independent - The Monday interview: Sir Clive Thompson - Rentokil's chief - 03/09/01
• The Evening Standard - Veteran Clive Thompson is fired by struggling Rentokil - 19/05/04
• The Daily Mirror - Sir Clive Quits The Rat Pack - 20/05/04
• The Independent - Sir Clive Thompson's verdict: the shareholders deserve better - 27/08/04
• This Is Money - Rentokil's Sir Clive to go it alone - 29/08/04
• The Daily Telegraph - Outrage grows over directors' role in Farepak failure - 29/10/06 inlcudes a good photo
• The Daily Telegraph - Farepak's Thompson: 'HBOS hung us out to dry' - 12/11/06
• Swindon Advertiser - Farepak head could be stripped of knighthood - 15/11/06
• BBC News - Farepak boss takes luxury holiday - 17/11/06