Beach Hut
Brighton Bhuna Boy
He delivered all right.
The biggest company loss in British Comercial History.
He was an egotist who was given too much power.
Maybe so also the Executive Board is the blame for his appointment as well.
He delivered all right.
The biggest company loss in British Comercial History.
He was an egotist who was given too much power.
Quoted by Buzzer
"Sir Fred could command any salary that he asked for."
Yes by your definitions he should only be paid on results.
In this case he should be sued for every penny has left for causing such reckless social destruction.
"The point people always miss as well these people have to produce otherwise they are out often resented but they are under the kosh the whole time hence the high rewards."
Quoted by Beach Hut
I pressume Asil Nadir was another of your financial heroes?
"The point people always miss as well these people have to produce otherwise they are out often resented but they are under the kosh the whole time hence the high rewards."
Quoted by Beach Hut
I pressume Asil Nadir was another of your financial heroes?
"Goodwin has committed no financial fraud bar losing his company a fortune. "
Quoted by Beach Hut.
and costing the British Taxpayers Billions in the process, debts that will take a generation to repay.
He should be stripped of his Knighthood and his ill gotten pensions
Whilst all the fat cats have been getting six figure allowances over the past number of years.
I find it laughable. I wonder how much Willie Walsh has paid himself.
Does he really think people will agree to him?
he can afford too , you need to clean your tongue.Willie Walsh has turned down his annual bonus for the last 3 years running. He turned it down in 2007 after the Terminal 5 fiasco, 2008 after performance targets weren't met, and now this year due to the current financial crisis (he was still entitled to receive those bonuses within BA's committee rules).
I'm sure he'll do alright for himself in the long run, but its mildly refreshing to see a CEO with at least a degree of humility in all this trough-culture.
he can afford too , you need to clean your tongue.
The point people always miss as well these people have to produce otherwise they are out often resented but they are under the kosh the whole time hence the high rewards.
Usual shit from the down trodden who can't make it in management so slag of those that are our captains of industry.
He deserves that salary as he has the skills to run a very large company - how many others can do that ?
Disagree. As tempting as it sounds, the shareholders, who employed him and sanctioned his actions are the ones who have to take the hit. There's also the problem of "piercing the corporate veil" to go for the individuals. As long as there has not been criminal activity then Sir Fred shouldn't be able to be sued. It's not just the shareholders who are suffering from his and others incompetence. Also, there does not need to be criminal activity to sue. Anyone affected could decide to sue on the grounds of his negligence, that's what Civil Courts are for.
I agree that the policy of light regulation on exotic financial instruments has proved to be disastrous. A classic example of Politicians not fully understanding the modern markets. Same could be said about their understanding of technology and the internet, but fact is that RBS worked within the rules and the Government did nothing to rock the boat whilst the profits rolled in. Before you say it, I doubt the Tories would have done much if anything better but fact is it did happen on Labour's watch. Marvellous, on these pages we see endless threads about interferring Government and the nanny state but when it all goes pearshaped people then cry out for more regulation.
What amazes me is that, similar to crap Premiership managers, these same top men who have failed so spectacularly, will all end up with tasty non-exec positions despite their obvious flakiness.
Interesting you should say him. It's only after the likes of Polly Peck, Mirror Group, Barings Bank, Enron etc etc etc that the authorities can act to control what happens because modern business moves so quickly that it doesn't give them time to fully appreciate the consequences and regulate. 99% of businesses (including the top FTSE companies) are run properly and the new laws for them are nothing more than an extra burden.
However, it's nigh on impossible to stop determined criminal activity by the 1%. Who'd have thought that one of the world's largest Wall Street Firms was just a giant Ponzi scheme?
Usual shit from the down trodden who can't make it in management so slag of those that are our captains of industry.
He deserves that salary as he has the skills to run a very large company - how many others can do that ?