Sir Phillip Green

[beorhthelm]

The accusations are nonsense though,

no they aren't, his reporting of the situation at RBS and HBOS percipitated the actions that followed. talks that could have lead to alternative solutions were cut off short as the situation become public. who knows what might have happened otherwise, but once the story broke options were limited and had to be implemented fast, lest run on two mjor banks occured. scoop of the decade, but irresponsible.

 

[tedebear]

Much better

Much better? Not sure why you need to judge peoples posts, as it comes over slightly patronising.

 

[Tubby Mondays]

He HAS paid billions more tax than you ever will
Btw it's government small g

And avoided billions more...

 

[cirC]

Very interesting about Greene being a tax exile,but he is one amongst many.For that matter big business does exactly the same.Look at Boots the well loved pharmacy .Derives most of its income from the NHS then because it's HQ is in Geneva it does not pay corporation tax in this country but in Switzerland.
Makes sense does it not.Grrrrrrrrr......................

 

[DJ Leon]

no they aren't, his reporting of the situation at RBS and HBOS percipitated the actions that followed. talks that could have lead to alternative solutions were cut off short as the situation become public. who knows what might have happened otherwise, but once the story broke options were limited and had to be implemented fast, lest run on two mjor banks occured. scoop of the decade, but irresponsible.

Ok, so you think economic stories in the public interest should NOT be reported on for fear that they could affect the market negatively? Couldn't we use that argument for, say, reporting on corruption in the press?

Peston's journalism has been a high point of the profession over the last few years and he should be thanked for bringing these stories to our attention. The idea that they should be suppressed to avoid any further affects on the market are laughable.

 

[beorhthelm]

Ok, so you think economic stories in the public interest should NOT be reported on for fear that they could affect the market negatively?

well, yes. theres quite a bit of regulation around this, for example companies cant talk to the press immediatly prior to reports being released and reports themselves are published at predetermined times before the markets open so everyone is informed. if he were an employee in those banks he'd have faced some sort of insider trading charge. its not about suppressing the story, its about timing, he affected the cause of the story when he went to press before decisions had been made. i can understand why he wanted to get the scoop, its his profession and people will remember him for it. but we should also recognise the crass irresponsibility of it, he didnt cause the collapse but he was a catalyst.