Business Career
However, he only practised for a year, after which he joined the Great Universal Stores Ltd, as an executive, working for part of that time as an assistant to the Chairman, Sir Isaac Wolfson Bt. In 1961 he left GUS and set up his first business, Eldonwall Ltd with funding from the Gestetner Family Settlements. During the sixties he built up a group of companies in industrial property, construction and plant hire, selling out in June 1970 to Town & City Properties PLC and joined the board. After the property crash of 1973/4 he assisted Jeffrey Sterling (later Lord Sterling) to reverse his company into T&CP to form a group that later became P&O. In 1975 he left the board and entered into a joint venture with Manufacturers Hanover, and became Chairman of Manufacturers Hanover Property Services, lending on real estate in the United Kingdom and overseas. He also had a number of other commercial interests. He sold out all his commercial interests in 1980 upon entering the Department of Industry. His younger brother Stuart Young served as Chairman of the BBC.
Read more about this topic: David Young, Baron Young Of Graffham
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