 ICI, led by its chairman Sir Denys Henderson hired Goldman Sachs to look into Lord Hanson's business dealings, and they found that Lord Hanson's partner, White, was running racehorses at shareholders' expense.Lord Hanson had purchased 2.8% of the firm, but backed away from the takeover.The chief characteristic of a Hanson company was that of a short-term cash-generating machine, involving large scale redundancies, and the slashing of research and development to the bone - all the hallmarks of an asset stripping operation.