World News – CA – Who is Richard Sharp, the new BBC Chairman?

There has been much speculation that Moore – a former editor of The Daily Telegraph, a well-known critic of the BBC, and the royalty in particular – would get the job

Instead, it has become a much more conventional character – at least in that Richard Sharp is closer to the shape of Sir David Clementi, the outgoing chairman, His appointment css-yidnqd-InlineLink: link {color: # 3F3F42;} css -yidnqd-InlineLink: visited {color: # 696969;} css-yidnqd-InlineLink: Link, css-yidnqd-InlineLink: visited {font size: bolder; Bottom margin: 1px solid #BABABA; -webkit text decoration: none; Text decoration: none;} css-yidnqd-InlineLink: link: hover, css-yidnqd-InlineLink: visited: hover, css-yidnqd-InlineLink: link: focus, css-yidnqd-InlineLink: visited: focus {edge-floor-color : current color; Edge-Floor-Width: 2px; Color: # B80000;} @ supported (text underline offset: 025em) {css-yidnqd-InlineLink: link, css-yidnqd-InlineLink: visited {margin-bottom: none; -webkit text decoration: underline #BABABA; Text decoration: underline #BABABA; -webkit-text decoration-thickness: 1px; Text Decoration Thickness: 1px; -webkit-text-decoration-skip-ink: none; text-decoration-skip-ink: none; text-underline-offset: 025em;} css-yidnqd-InlineLink: link: hover, css-yidnqd-InlineLink: visited: hover, css-yidnqd-InlineLink: link: focus, css-yidnqd-InlineLink: visited: focus {- webkit-text-decoration-color: currentcolor; text-decoration-color: currentcolor; -webkit-text-decoration-thickness: 2px; text-decoration-thickness: 2px; Color: # B80000;}} was first reported by Mark Kleinman of Sky News

Sharp, who is 64 years old, earns 180000 pounds but the final terms may have changed due to his dealings with DCMS

Sharp’s father held senior positions at Monsanto and Cable & Wireless, which means that young Richard spent part of his childhood in America

He read PSA at Christ Church, Oxford, where he was a neighbor of journalist Adam Boulton. He continued to work for Morgan Guarantee and then had a long and highly respected career at Goldman Sachs

He was a notable figure there when a young Mark Carney – the future Governor of the Bank of England – also worked for the bank

That connection was somewhat poignant when Carney, as governor, warned of the potential economic risks of Brexit, Sharp, who supported Brexit but not prominently, disagreed with some of Carney’s assessments and saw more opportunity outside the European Union

Sharp became chairman of Goldman’s main investment in Europe, that is, leading partners in their investments and not on the trading side

One of Sharp’s closest relationships at Goldman was with a young man named Rishi Sunak Sharp – a major Tory Party donor who served on the board of directors of the conservative think tank, the Center for Policy Studies, Sunak described to a friend as the best young financial analyst he had seen More recently, Sharp had been working for his old mentee, helping the government with corporate loans

I heard the Chancellor was slightly annoyed that he had lost such a close ally at a crucial point in time, but was convinced that Sharp had taken on his new role at the BBC

Sharp’s legacy is Jewish and he is considered by those who know him generally for Israel. He has a twin sister, Victoria, who is a senior judge. Victoria was also the name of his first wife. Sharp had another sister who was young of cancer had died

Sharp was deeply affected and endorsed some of Maurice Saatchi’s campaigns to improve cancer research and care for cancer patients

Sharp has a strong pedigree in the arts as a past chairman of the Royal Academy and served on the Bank of England’s Financial Policy Committee for many years

His views on the BBC itself are unknown, but as the new General Manager Tim Davie, whom he met a few weeks before Christmas, has a commercial background, just as the relationship between Lord Hall, Davies predecessor, and Sir David was strong is becoming the bond between the new DG and the chair will be crucial

It is unclear whether Sharp will support the license fee as a pillar of a future BBC agreement

The last time the BBC’s future was negotiated with a skeptical Conservative government, the relationship between the Director General and the Chancellor – then George Osborne – was critical, as Lord Hall explained to me in his Exit interview

This time around, Davie will go into these negotiations with a very close ally of the current Chancellor – although Sharp’s first job is to support Davie and the BBC and not his old mentee

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