DAVID MUNNS HAD AN INTERNATIONAL MARKETING BUDGET, RUN OUT OF LONDON AND PERSONALLY CONTROLLED BY HIMSELF, IT SEEMED.
--- I understand that David controlled everything himself, but what does it mean that he had "an international marketing budget, run out of London"? What is an easier way to say the same?
Well, I'm not sure I understand it correctly. To me it means (but maybe I'm wrong) that David Munns controlled an international marketing budget department which was located in London.
That's how I understand it.