Guinness

:See also Guinness Book of Records.

History of ownership

The grandson of the original Arthur Guinness, Sir Benjamin Guinness, was Lord Mayor of Dublin and was created a baronet in 1867 and died the next year. His eldest son Arthur, Baron Ardilaun (1840–1915), sold control of the brewery to Sir Benjamin's third son Edward (1847–1927), who became 1st Earl of Iveagh. He and his son and great-grandson the 2nd and 3rd Earls chaired the Guinness company into the 1980s, at which time non-family chief executive Ernest Saunders became chairman as part of the merger with leading Scotch whisky producer United Distillers. After Saunders was forced out following revelations that the United stock price had been illegally manipulated, the family presence on the board declined rapidly, and today no Guinness sits on the board of the holding company Diageo PLC.

Related Topics:
Arthur Guinness - Benjamin Guinness - Lord Mayor of Dublin - 1867 - Arthur - Baron Ardilaun - 1840 - 1915 - Edward - 1847 - 1927 - Earl of Iveagh - 1980s - Ernest Saunders - United Distillers

~ ~ ~ ~ ~ ~ ~ ~ ~ ~