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Thread: Carillion directors to be investigated

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    Default Re: Carillion directors to be investigated

    You happy about paying continue paying these bosses thousands of pounds for their incompetence and neglect managing of the company by stealing from the pension fund?

    Who is next interserve, serco?
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Carillion directors to be investigated

    Quote Originally Posted by Master View Post
    You happy about paying continue paying these bosses thousands of pounds for their incompetence and neglect managing of the company by stealing from the pension fund?

    Who is next interserve, serco?
    They are no different to the banks rewarding useless people with bonus payments nothing ever changes public money wasted on undeserving individuals but it's the Tory way rewarding there rich asslickers.

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    Default Re: Carillion directors to be investigated

    Quote Originally Posted by Dia bando View Post
    Quote Originally Posted by Master View Post
    You happy about paying continue paying these bosses thousands of pounds for their incompetence and neglect managing of the company by stealing from the pension fund?

    Who is next interserve, serco?
    They are no different to the banks rewarding useless people with bonus payments nothing ever changes public money wasted on undeserving individuals but it's the Tory way rewarding there rich asslickers.
    There are clear conflicts of interest when MP's family members are members of the boards of these private companies.
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Carillion directors to be investigated

    πŸ˜ˆπŸ˜ˆπŸ˜ˆπŸ‘ΎπŸ‘ΎπŸ‘ΎπŸŽ…πŸŽ…πŸŽ…πŸŽ…πŸ‡πŸ‡πŸ ‡πŸ‡β›ΉπŸ’£πŸ’₯πŸ’£πŸ’₯πŸ’£πŸ’¦πŸ’£πŸ’₯πŸ’£πŸ’₯π Ÿ’£πŸ’₯πŸ‘œπŸ‘•πŸŽπŸŽβ―πŸˆ―πŸ‰πŸˆΉπŸˆšπŸˆΉπŸ‰ πŸˆΆπŸ‰πŸˆ²πŸˆšπŸˆ²πŸˆ²πŸˆšπŸˆΉπŸˆšπŸˆΉπŸ‰πŸˆ―πŸ ˆΆπŸˆ―πŸ‰πŸˆ―πŸ‰πŸˆ―πŸˆΆπŸˆ―πŸ‰πŸˆΉπŸˆšπŸˆ²

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    Default Re: Carillion directors to be investigated

    Quote Originally Posted by Master View Post
    Quote Originally Posted by Dia bando View Post
    Quote Originally Posted by Master View Post
    You happy about paying continue paying these bosses thousands of pounds for their incompetence and neglect managing of the company by stealing from the pension fund?

    Who is next interserve, serco?
    They are no different to the banks rewarding useless people with bonus payments nothing ever changes public money wasted on undeserving individuals but it's the Tory way rewarding there rich asslickers.
    There are clear conflicts of interest when MP's family members are members of the boards of these private companies.
    Yes a conflict of interest how many MPs of all parties use the system strange your MP is there to represent the voters not themselves.
    During Thatcher's time Norman Tebbit and his Wife were on the board of a company which ran
    a lot Local authority grounds maintenance contracts,!! a member of the cabinet well make of it what you will.!!!!!!!

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    Default Re: Carillion directors to be investigated

    Carillion: Ex-finance chief 'dumped last of his shares'

    The former finance director of collapsed construction firm Carillion "dumped" the last of his shares at the earliest possible moment, MPs say.

    Richard Adam sold shares worth hundreds of thousands of pounds in early 2017 as soon as he qualified for them after leaving Carillion in December 2016.

    The information was released by a joint committee of MPs looking into Carillion's collapse.

    Mr Adam said he had sold them "when I was invited to do so by the company".

    The information was published by the Work and Pensions and Business Select Committees, which are conducting a joint inquiry into Carillion's collapse.

    More than 1,000 Carillion workers have lost their jobs since the firm went into liquidation last month.

    Mr Adam retired at the end of December 2016. On 1 March 2017, he sold all the shares he had at the time for Β£534,000, including performance awards for 2013-15 of Β£277,000, which fell due once he had retired.

    He then sold his long-term incentive plan awards for 2014 on 8 May 2017, the day they matured, for Β£242,000.

    Mr Adam commented: "I sold the shares that I was eligible to sell when I was invited to do so by the company as I retired. More than half of the shares in the company that I had an interest in at retirement have been lost as a result of the company entering liquidation."

    The committees also published a response from Mr Adam's successor, Zafar Khan, whose contract with Carillion was terminated last September after eight months in the job.

    A few days before his contract was ended, Mr Khan had issued a financial update showing things had worsened since July 2017, when Carillion had written off Β£845m in losses on underperforming contracts, the committee said.

    They added: "Mr Khan argues that it is surprising that the board were 'spooked' by his update, as it should have been apparent to the board by then that the company was struggling to improve both its net debt and profit positions."

    Frank Field, chairman of the Work and Pensions Select Committee, accused Mr Adam of "dumping the last of his shares at the first possible moment, because he is - with his own money at least - 'risk-averse'. What conclusions are we to draw from that?"

    He added: "The other directors appear keen to set up the hapless Zafar Khan as the fall guy for the collapse. It is not lost on us, however, that he inherited Carillion's mountain of debt."


    http://www.bbc.co.uk/news/business-43190109
    Do not let success go to your head and do not let failure get to your heart.

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    Default Re: Carillion directors to be investigated

    Big deal, get the violins you daffodils

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    Default Re: Carillion directors to be investigated

    Quote Originally Posted by brocktonblockbust View Post
    Big deal, get the violins you daffodils
    Thousands of people have lost their jobs so it kind of is a big deal you fucking prick. Not just that but many small businesses will go under because again the big corporation has not, and now no longer can pay their invoices. I know what it is like chasing large corporations trying to get them to pay what they owe you. Fucking 17 emails before I even got one to acknowledge they owed me anything. Never a problem with individual clients and small business because they understand how important that invoice is to you and they act responsibly. Politicians and irresponsible corporate directors lining their pockets at the working mans expense and you patting them on the back and sneering at everyone else. Prick
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