The shareholders are to blame. King was a shareholder, Adams was...

The shareholders are to blame. King was a shareholder, Adams was a shareholder, Scott was a shareholder, Smith was a shareholder. All the big shareholders allowed this to happen or let it happen

In a bull market, any board to go against the business model of a CEO of 'lets keeping getting bigger by simply borrowing more and more money as if there is no tomorrow because it has worked over the last 10 years' would be castigated by shareholders arguing that they did not make enough money if they hadnt.

Whether it was the current board any other board, they would be in the same situation given the leverage and borrowings combined with over priced assets. Look at AFG, and Bear Stearns in the US, they were master a lot smart than the MFS board yet they failed.

Again you may think i am being negative etc, but the appointment of a new board, with out a business model, except that it will be developed by a succesful business will not be enough to get MFS anywhere quick.

Fools, spivs, con men etc all look good in a bulll market. it is when the bull turns to bear that true abilities are recognised.