Age, Biography and Wiki

Alastair Morton was born on 11 January, 1938, is a Chief Executive of Eurotunnel (1938-2004). Discover Alastair Morton's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 66 years old?

Popular As N/A
Occupation N/A
Age 66 years old
Zodiac Sign Capricorn
Born 11 January 1938
Birthday 11 January
Birthplace N/A
Date of death 1 September, 2004
Died Place N/A
Nationality

We recommend you to check the complete list of Famous People born on 11 January. He is a member of famous Executive with the age 66 years old group.

Alastair Morton Height, Weight & Measurements

At 66 years old, Alastair Morton height not available right now. We will update Alastair Morton's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
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Alastair Morton Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Alastair Morton worth at the age of 66 years old? Alastair Morton’s income source is mostly from being a successful Executive. He is from . We have estimated Alastair Morton's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Executive

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Timeline

1938

Sir Robert Alastair Newton Morton (11 January 1938 – 1 September 2004) was Chief Executive of Eurotunnel and Chairman of the Strategic Rail Authority, industrialist and the last chairman of the British Railways Board.

Morton was born 11 January 1938 in Johannesburg, South Africa.

The son of a Scottish oil engineer father and an Afrikaner mother.

Morton was educated at St John's College, Johannesburg, and Witwatersrand University, but came to Britain to read law at Worcester College, Oxford, as a De Beers scholar and remained in England for the rest of his life, although he did spend some time back in Africa and also with the World Bank in Washington.

1976

He was managing director of the British National Oil Corporation 1976–80; as the managing director, he fought to resist privatisation.

1982

He was Chief executive of Guinness Peat Group 1982–87 and chairman in 1987.

1987

He was appointed co-chairman of Eurotunnel in 1987, a position he would hold until 1996.

The project cost more than twice its projected £4.8 billion price tag.

The Conservative Government of Margaret Thatcher had insisted that the project had to pay its own way, and the UK legislation which authorised and facilitated the project contained an outright ban on any British public subsidy for the works.

1990

In 1990 he became the group chief executive 1990–94.

In 1990, he was awarded an Honorary Degree (Doctor of Laws) from the University of Bath.

1992

Morton was knighted in 1992.

1993

In 1993 he chaired the United Kingdom Treasury's private finance panel, which sought private capital for transport projects.

1994

He was chairman of the National Youth Orchestra of Great Britain 1994–2004.

1999

In 1999, the British deputy prime minister John Prescott MP appointed Morton to the chairmanship of the British Railways Board and, once created from February 2001, the Strategic Rail Authority, from which he resigned in October 2001 in the aftermath of the collapse of Railtrack.

Morton famously coined the phrase that the aftermath of the Hatfield rail crash constituted a 'collective nervous breakdown' on the part of the British railway industry.

The Authority had been created for ambiguous political reasons, with considerable political and public expectations vested in it but without nearly the power to meet them.

Relations with the Department for Transport, the Treasury and the Rail Regulator - which collectively did have the powers which Morton wanted - deteriorated quite quickly.

Towards the end of his time at the SRA, Morton was making public statements which were more and more critical of his political masters and what he saw as their intransigence in allowing him both the power and the freedom he believed he should have had.

In relation to powers to hold Railtrack - the national railway infrastructure company - to account, Morton's jurisdictional skirmishes with the Rail Regulator became public after the Ladbroke Grove rail crash and Morton would never accept that the Rail Regulator and not the SRA had the right to determine what Railtrack's financial framework and settlement should be.

He summed up his objections in what became his second most memorable railway phrase - 'He who pays the piper should call the tune' - by which he meant that the SRA should set the overall level of public spending on the railways, and what was to be delivered with the cash, and the Rail Regulator should simply check that the money was efficiently used.

2001

Morton resigned in October 2001.

2004

He died on 1 September 2004 aged 66.

2005

That never happened during his tenure at the SRA, although it became reality in 2005 with the passage of the Railways Act 2005 which curtailed the power of the Office of Rail Regulation (which replaced the Rail Regulator in July 2004) in financial matters.