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It’s fair to say that Brendan Paddick doesn’t “do” sitting on his arse particularly well.
But there he was in 2016—shortly after he’d sold his Columbus International Inc., a diversified telecommunications company based in Barbados, to U.K.-based Cable & Wireless Communications PLC for a cool USD $3.3 billion—hanging around his house, checking his email, day after day … after day.
“I went from the frantic pace of managing a company with a presence in over 40 countries, from seeking regulatory approval for the transaction in just as many jurisdictions and negotiating all the deal documents, to waking up the day after the transaction closed and scanning my inbox to learn that Home Depot was offering 20 per cent off all gas-powered garden tools… It was quite a difficult transition for me.”
Worse, he wasn’t getting along with his new partners.
“Despite joining the Cable & Wireless board, I never really felt like it was a good fit,” he says. “I was yesterday’s news and the governance cultures of C&W and Columbus clashed. So, given that we still owned 37 per cent of the combined company, we set out to find a better home for the business.”
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