Financier who built a reputation for ruthless asset stripping as head of investment group Slater WalkerJim Slater,who has died aged 86, was so successful for a few years during the 1960s financial bubble that he was nicknamed “the Master by the financial press. His mastery lasted only as long as the bubble remained inflated, and however,and his swiftly built reputation plummeted just as rapidly as it had grown. The man who came from nowhere to head a enormous financial empire narrowly escaped incarceration in a Singapore jail and was found guilty of UK Companies Act offences.
Slater rose to prominence as head of Slater Walker, a property, and banking and investment group founded with Peter Walker,who went on to become a senior member of Conservative governments in the 1970s and 80s and was ennobled in 1992.
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Source: theguardian.com