Max Aitken, 1st Baron Beaverbrook to resign and stand for re-election in a by-election. Aitken made arrangements for this, but then Lloyd George decided to appoint Albert Stanley instead. Aitken was a friend of Stanley and agreed to continue with the resignation, so that Stanley could take Aitken's seat in Parliament and be eligible for ministerial office. In return, Aitken received a peerage on 23 January 1917 as the "1st Baron Beaverbrook", the name "Beaverbrook" being adopted from a small community near his boyhood home. He had initially considered "Lord Miramichi", but rejected it on the advice of Louise Manny as too difficult to pronounce.
Max Aitken, 1st Baron Beaverbrook to be mismanaging the war effort. Aitken's opinion of Asquith did not improve when he failed to get a post in the Cabinet reshuffle of May 1915. An attempt by Bonar Law to secure the KCMG for Aitken was also blocked by Asquith. Aitken was happy to play a small part, which he greatly exaggerated, as a go-between when Asquith was forced from office and replaced by David Lloyd George in December 1916. Lloyd George offered to appoint Aitken as President of the Board of Trade. At that time, an MP taking a cabinet post for the first time had