Sir Philip Roy Hampton (born 5 October 1953) is a British businessman,
and the current chairman of GlaxoSmithKline. Originally he joined RBS
as the deputy chairman on 19 January 2009 and was promoted to chairman
on 3 February the same year. He has previously held the chairman role
J Sainsbury plc, parent company of the Sainsbury's chain of
supermarkets, and the role of group finance director of a number of
blue chip companies including
Lloyds Banking Group
Lloyds Banking Group plc,
BT Group plc,
BG Group plc,
British Gas plc
British Gas plc and British Steel plc. before
becoming the first chairman of
UK Financial Investments Limited in
2008, the post he left to join RBS.
Hampton gained an MA in English from Lincoln College, Oxford, in
1975. He joined the accounting firm Coopers & Lybrand the same
year, qualified as a chartered accountant in 1978, and then trained as
an auditor, working in London and west Africa. He took an
INSEAD from 1980 to 1981, and returned to join Lazards investment
bank for nine years. Working on mergers, acquisitions, business
restructurings and capital markets; in 1986 he was seconded to Lazard
Freres, New York, and also worked extensively with
Lazard Freres in
Since then Hampton has been:
British Steel plc
British Steel plc – group finance director from 1990 to 1995; the
company were a former client at Lazards
British Gas plc
British Gas plc – group finance director from 1995 to 1997; oversaw
Centrica and then Lattice Group
BG Group – group finance director from 1997 to 2000
British Telecom – group finance director from 2000 to 2002
Lloyds TSB – group finance director from 2002 to 2004
Hampton was appointed chairman of
J Sainsbury plc on 19 July 2004 to
replace Sir Peter Davis. His appointment came at a significant time
for the retailer; Davis had been forced out as chairman by
shareholders due to an extremely generous bonus package despite his
dubious performance as chairman and previously as CEO, another
shareholder revolt in February 2004 had caused the company to abandon
the appointment of Sir
Ian Prosser as chairman and Justin King had
been appointed chief executive in March 2004. Hampton was described by
then BBC Business Editor Jeff Randall as "a well-respected City
figure" and a "safe pair of hands". Under the King/Hampton leadership
Sainsbury's regained some market share and in June 2006 reported its
highest sales increase in four years. In November 2009, David Tyler
took over as chairman of Sainsbury's.
In the 2004 Budget, Hampton was asked to lead a review of regulatory
inspection and enforcement. This review produced the Hampton Report,
which led to the Regulatory Enforcement and Sanctions Act 2008. On 3
Philip Hampton was appointed as chairman of UK
Financial Investments Limited, the firm set up to manage the UK
government's shareholding in banks subscribing to its recapitalisation
fund. He resigned to join RBS in January 2009.
Hampton was knighted in the New Year Honours 2007.
RBS Board revolts
In December 2009, the board of RBS warned their major shareholder, the
British public, that they would resign unless they were permitted to
pay bonuses of £1.5bn to staff in its investment arm. The matter
received heavy criticism because it followed a £42bn taxpayer bailout
of the banking system.
In January 2012, the board of RBS paid a bonus of £963,000 to Stephen
Hester, the then chief executive. The Treasury permitted the payment
because they feared Mr Hester and much of the board would have quit if
the payment had been vetoed by the government as the majority
shareholder. Hampton made the decision
to turn down his £1.4m bonus before the uproar over Stephen Hester's
^ "RBS Board". Rbs.com. Archived from the original on 15 May 2011.
Retrieved 25 July 2017.
^ a b c d "Philip Hampton". HM Treasury. Archived from the original on
10 July 2009. Retrieved 19 January 2009.
^ Butler, Sarah (20 September 2007). "Business big shot Sir Philip
Hampton". The Times. London. Retrieved 22 May 2010.
Philip Hampton to quit struggling BT within year". The Independent.
London. 5 November 2001. Retrieved 22 May 2010.
^ [dead link]
^ HAMPTON, Philip International Who's Who. accessed 3 September 2006.
^ "HAMPTON, Sir Philip (Roy)". Who's Who 2017. Oxford University
Press. Retrieved 7 August 2017.
^ "RBS board could quit over bonuses". BBC News. 3 December 2009.
Retrieved 22 May 2010.
^ "RBS chief Stephen Hester to get £963,000 bonus". Bbc.co.uk. 26
January 2012. Retrieved 25 July 2017 – via www.bbc.co.uk.
^ "Treasury feared Hester and board would quit". BBC News. 26 January
^ Watt, Nicholas; Elliott, Larry; Treanor, Jill (27 January 2012).
"Stephen Hester bonus puts David Cameron under pressure". The
^ Tyler, Richard (28 January 2012). "Sir
Philip Hampton waives £1.4m
share award". The Daily Telegraph. London.
^ "RBS chairman waives share-based bonus". Reuters. 28 January
^ Shipman, Tim (27 January 2012). "David Cameron has failed the Borgen
test on Hester's bonus". Daily Mail. London.
^ Metro.co.uk, Metro Web Reporter for (22 January 2012). "Ed Miliband:
David Cameron must block Stephen Hester's bonus". Metro.co.uk.
Retrieved 25 July 2017.
^ "Subscribe to read". Financial Times. Retrieved 25 July 2017.
^ "RBS chairman rejects £1.4m bonus". BBC News. 28 January
GlaxoSmithKline Pharmaceuticals Ltd
ViiV Healthcare (85%)
Allen & Hanburys
Human Genome Sciences
Recherche et Industrie Thérapeutiques
S. E. Massengill Company
Smith, Kline & French
Zantac … more
Tums … more
Board of Directors
Roy M. Anderson
Silas M. Burroughs
John K. Smith
Christopher v. SmithKline Beecham Corp.
GlaxoSmithKline Services Unlimited v Commission
United States v. Glaxo Group Ltd.
United States v. GlaxoSmithKline
Drug Industry Document Archive