Retirement
The Independent Broadcasting Authority set a limit on the age of managing directors of ITV companies, specifying that they retire at the age of 75.
When Howard Thomas reached this age, Thames Television Holdings (the company that held the shares in Thames formerly held by the now-defunct Associated British Picture Corporation) promoted him from Thames Television to become chairman of Thames Television International - then a subsidiary of Thames but previously known as EMI Films and, before that, the remains of the former ABC owner Associated British Picture Corporation.
Read more about this topic: Howard Thomas
Famous quotes containing the word retirement:
“The student who secures his coveted leisure and retirement by systematically shirking any labor necessary to man obtains but an ignoble and unprofitable leisure, defrauding himself of the experience which alone can make leisure fruitful.”
—Henry David Thoreau (1817–1862)
“Douglas. Now remains a sweet reversion—
We may boldly spend, upon the hope
Of what is to come in.
A comfort of retirement lives in this.
Hotspur. A rendezvous, a home to fly unto.”
—William Shakespeare (1564–1616)
“He who comes into Assemblies only to gratifie his Curiosity, and not to make a Figure, enjoys the Pleasures of Retirement in a[n] ...exquisite Degree.”
—Richard Steele (1672–1729)