More bad news for former US Ambassador Lord Mandelson this morning. The Daily Mail has published pictures of him literally p*ssing up a wall outside George Osborne’s house…
Industry insiders suggest his firm Global Counsel is also swirling the gutter. Mandelson has a significant stake in the company, and is still said to be in the process of selling his shares after Global Counsel rapidly dumped him when the Epstein scandal blew up. Last week Messina Group, a US-based consultancy which had bought a 20% stake in Global Counsel for $5 million, announced it was selling and pulling out. The decision to sell its minority stake comes in the wake of the Mandelson affair, as the FT reported…
Insiders at Global Counsel tell Guido the decision to sell coincides with broader difficulties including losing major accounts – but they also complain that the loss of Lord Mandelson is actually a drawback, as his network and pulling power drove a substantial portion of the business. Allies of Mandelson say he is determined to make another comeback and may yet get his own back on his detractors, including former colleagues…
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