Ullmann, 55, announced in 2017 that all executive pay would be capped at £400,000 — 20 times that of the lowest-paid worker — and that the group would cap dividends to its family owners at £3m a year.
Ullmann, a father of four, said in 2018 that “capitalism isn’t working any more”. “I had an epiphany and realised business can’t all be about profit. It has to be about creating an environment where people thrive,” he said.
Hey, cool or what?
One of Britain’s biggest recruitment agencies is racing to raise new investment after the family-owned business came close to collapse because of a clash with its lenders.
Cordant Group, which finds jobs for 125,000 people a year at more than 5,000 clients, including Amazon and Tesco, is rushing to secure a deal with new investors — a move that would end the majority-ownership of the Ullmann family.
Go woke, go broke.
Or, as we might put it, that’ll be what then.