Sir Moir Lockhead interviewed by Richard Goldson
Oral history interview with Sir Moir Lockhead, conducted and recorded by Richard Goldson at the Chaplain's office, Paddington station on 14 February 2019. Duration: 56 min. 50 sec. Personal background; political moves towards privatisation; First Group branding; initial corporate plan; Employee Share Ownership Plan (ESOP); First Great Eastern franchise; comparative size of bus/rail companies; risk management; balance of cost and revenue projections; first impressions of rail; focus on safety; transferable lessons from buses; relationship with Railtrack/Network Rail; integrated transport; management of acquired companies; open access operation and competition; interactions with government bodies; industrial relations; reflections; effects of privatisation
One of over 150 oral history recordings made as part of the Britain’s Railways All Change (BRAC) archive project. BRAC was set-up to cover gaps in documenting the railway privatisation process in the United Kingdom, between 1994 and 1997, when the government-owned British Rail was dismantled into over 100 privately-owned companies. The interviews capture the recollections of people involved in the planning and implementation of the privatisation process, the management of change and running the railway during privatisation.