State schools are creating alumni networks, but struggle to match the clout of their private counterparts
23 years ago, Gareth Lloyd-Jones was feeling the heat. After nearly 100 meetings around the City, he was no closer to floating his company on the stock exchange. Then, from among the steely faces, a young man stood up and announced that he would invest. “When you were at Rugby you were a great runner, and anyone who has that level of fitness I’m going to gamble on,” he declared. Mr Lloyd-Jones was taken aback. “I didn’t even know who he was,” he admits.
Such clubs are part of a counter-offensive by private schools in a job market that has become saturated with graduates. Some 777,000 people left higher education last year, two-thirds more than two decades ago. Guy Beresford, a headhunter and self-described “careers bod” for the Old Oundelian Society, says that when he graduated in 1981 the club was mainly “black-tie dinners and going to golf”.
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