John Towers (businessman) Industry Corporation (SAIC). Towers was heavily criticised for his role in the company's demise, and the Phoenix Consortium's conduct relating to Rover Group was initially referred to the Serious Fraud Office (SFO), although after initial investigations the SFO concluded that no further action would be taken. Following publication of a government report into the failure of MG Rover, Towers - along with the other directors of Phoenix - have been disqualified from holding any company office in the United Kingdom or have undertaken not to do so. Towers, together with the other members of PVH, ran MG Rover into the
John Stephenson (coachbuilder) creditors 50 cents on the dollar. Undeterred, Stephenson found a new site on West 27th Street, where in 1843 he started to develop a business which eventually covered 16 city lots. Streetcars continued to gain popularity, allowing Stephenson to prosper for the remainder of his life. It was not long before he had fully reimbursed all his creditors and became known as "Honest John Stephenson". From 1852 he put all his efforts into building streetcars of various types as their popularity extended to cities throughout the world including, for example, Port Elizabeth, South Africa, Bombay and Caracas. For many years,