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Friday Boss: I was lucky to survive


AAM's Martin Gilbert and the Today programme's Simon Jack
AAM's Martin Gilbert (left) and the Today programme's Simon Jack

This week's Friday Boss is Martin Gilbert, chief executive of Aberdeen Asset Management and Scotland's chief executive of the year in 2011.

Ten years ago he was branded a "sophisticated snake-oil salesman" and his firm nearly imploded in the middle of an investment scandal that wiped billions of pounds from people's savings.

Shares in Aberdeen Asset Management had dropped as low as 19p but now they are trading at almost 20 times that amount.

Earlier this year the company broke into the FTSE 100 for the first time.

Speaking to Today business presenter Simon Jack, Mr Gilbert explained that he was "lucky to survive as CEO… we had £200m of debt."

"Things were slightly different back then," he said, admitting that he would not have survived the same difficulties as chief executive now.

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