Difference between revisions of "Adrian Beecroft"

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Beecroft was previously senior managing partner at [[Apax]], where he 'played a major part' that saw it grow internationally with over $20 billion under management and 150 professionals in eight countries.
 
Beecroft was previously senior managing partner at [[Apax]], where he 'played a major part' that saw it grow internationally with over $20 billion under management and 150 professionals in eight countries.
  
He is one of a handful of external members of the [[HM Treasury Independent Challenge Group]] of civil service leaders. The group is tasked with "thinking innovatively about the options for reducing public expenditure and balancing priorities to minimise the impact on public services". <ref> HM Treasury, [http://www.hm-treasury.gov.uk/spend_icg_members.htm Independent Challenge Group membership list], 4 August 2010, accessed 11 April 2012 </ref>
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He is one of a handful of external members of the [[HM Treasury Independent Challenge Group]] of civil service leaders, set up in August 2010. The group is tasked with "thinking innovatively about the options for reducing public expenditure and balancing priorities to minimise the impact on public services". <ref> HM Treasury, [http://www.hm-treasury.gov.uk/spend_icg_members.htm Independent Challenge Group membership list], 4 August 2010, accessed 11 April 2012 </ref> Or, in layperson's terms, to “question the unquestionable” amid the Treasury's austerity drive.
  
 
==Views==
 
==Views==

Revision as of 16:34, 11 April 2012

Adrian Beecroft is a venture capitalist and the chairman of Dawn Capital, which owns Wonga.com, the online short-term high-interest loans company. He is worth an estimated wealth £100m and is a Conservative Party donor.

Activities

Beecroft was previously senior managing partner at Apax, where he 'played a major part' that saw it grow internationally with over $20 billion under management and 150 professionals in eight countries.

He is one of a handful of external members of the HM Treasury Independent Challenge Group of civil service leaders, set up in August 2010. The group is tasked with "thinking innovatively about the options for reducing public expenditure and balancing priorities to minimise the impact on public services". [1] Or, in layperson's terms, to “question the unquestionable” amid the Treasury's austerity drive.

Views

In 2011 Beecroft was commissioned by David Cameron to write a report on employment law reform. His draft recommendations, leaked to the Telegraph, included the suggestion that unproductive workers should lose their right to claim unfair dismissal. He argued that incapable workers are being left to "coast along" and firms also feared expanding because new staff may prove "unknown quantities" who are impossible to sack.

the first major issue for British enterprise is "the terrible impact of the current unfair dismissal rules on the efficiency and hence competitiveness of our businesses, and on the effectiveness and cost of our public services."

[2]

Education and early career

Beecroft has a degree in physics from Queen's College, Oxford. After graduating in 1968, he worked for ICL in the computer industry for five years. In 1974 he went as a Harkness Fellow to the Harvard Business School, graduating in 1976. He then joined the Boston Consulting Group in London. He became a Vice President of BCG Worldwide in 1982.

Affiliations

  • Chairman of the British Venture Capital Association (BVCA) in 1991/92 and represented Apax on the boards of over 20 private and public companies. He was elected to the BVCA Hall of Fame in 2009.

Resources

Notes

  1. HM Treasury, Independent Challenge Group membership list, 4 August 2010, accessed 11 April 2012
  2. BBC News, Scrap unfair dismissal claims for lazy workers - report, 26 October 2011, accessed April 2012