Michael Jacob Montague, Baron Montague of Oxford, CBE (10 March 1932 – 5 November 1999) was a British businessman and politician. Biography Michael Jacob Montague, born on 10 March 1932, the son of David and Eleanor Montague. He attended the Royal Grammar School, High Wycombe, and Magdalen College School, Oxford. A gifted salesman, Montague founded Gatehill Beco in 1958 aged 26 on an investment of £100, selling electric wire and later making cheap electric boiling rings: "I used to make the goods, sell them, deliver them to the back door, and then go round to the front to collect the money." After he received a large order he could not fulfil himself, Montague sought out a large corporate, and eventually sold out to Valor in 1962, of which he then became a Director and then managing director. Montague diversified the company through both product innovation and export driven expansion, visiting even the underdeveloped markets of Africa, Asia and Japan personally at least once a year. In 1969 he was made chair of the Asia committee of the British National Export Council, where he served until 1972, as a result of which he was appointed a Commander of the Order of the British Empire (CBE) in the 1970 Birthday Honours. Montague expanded Valor, when in 1987 Valor paid £263m for Yale locks and NuTone. In August 1989 Ingersoll Rand sold its 2.2% holding in Yale & Valor to Williams Holdings, which thereby took its stake to 5.8%. In January 1991 Williams Holdings paid £330m for Yale & Valor, and Montague left the company. The Valor brand is now owned by Glen Dimplex, and the Yale Lock Company is now a subsidiary of Assa Abloy. Other interests Montague used his money to invest in other business, including the fledgling Planet Hollywood and Ramada Jarvis Hotels. Montague also expanded his public duties, and was Governor and Chairman of the Audit Commission at Oxford Brookes University. As chair of the English Tourist Board he made attacks on: second-rate hoteliers; greedy seaside impresarios; grubby motorway caterers; miserable museum attendants; surly waiters; and taxi drivers – whom he accused of cadging large tips out of unsuspecting tourists. When latterly as chair of the National Consumer Council, he told the public to boycott places offering poor value for money. A keen supporter of the Arts, among other activities he sponsored the Oxford Festival and was chair of