Carillon

[sinkov]

Agree with you sinkov and Supersub, Alto's firing squad would be too good for Blair and Brown! I would quite happily simply, slowly strangle them both to death.

Is there a shortage of lamp posts BT, or are they all full of dangling Tories ?

[oldcolner]

No we are not! This PFI bollox needs stopping now. Enough is enough! Private enterprise within the paradigm of the public sector simply cannot work. Salaries of £600,000 per month for the Carillion fat cats and you say we are all in it together OC?
Try telling that to the underpaid, abused thousands who are now jobless and the creditors of the corrupt, robbing, thieving barstewards who ring fenced their own bonuses and salaries.

BT what emotive tosh
PFI schemes run for 25- 30 years so no chance of getting out of them and as Labour let most of them you need to look in the mirror. In the good old days the Government designed and built their own hospitals and had their own building divisions usually this took 10 years and still had to tender for a building company to build it and by the time they were built they were obsolete and needed further changes. Sometimes the builder went bust due to overstretching.
Sometime Government had to hold back money for other reasons causing other delays.
In contrast PFIs were built usually within 5 years because the NHS had to sign up to the deal and that was it. if the deal was a bad one blame Tony or Gordon. Many schools are also now built that way.

Here’s the Guardians table of PFIs in 2012. In 25 years or so we will be given the buildings for free.https://www.theguardian.com/news/dat...ontracts-list?

Now where do you get that salary for fat cats from - the Chief Exec was on £680000 a year plus bonuses and share options. Now Bath University Vice Principal is on £425k. Hospital Chief Execs £200k -£300k.

I also believe Government is stopping payment of executive bonuses http://www.bbc.co.uk/news/business-42715147

[1959_60]

Hard to take as it is, some companies ARE too big to be allowed to die.

I'm not sure if this applies to Carillion, but without doubt the numerous schemes they are working on must continue.
And without doubt people need to be brought to book about their dodgy dealings - this COULD involve politicians.
And who would lose if they were allowed to go under? Their directors will do very nicely, thank you. But the brickies, builders etc etc that they employ, along with the companies who rely on them for their business will really suffer.

The Labour party supported the banks 10 years ago. In retrospect, has it worked? I would say "probably".

Also 10 years ago the US government rescued their ailing car industry. Was it worth it? I would say "probably".

And in the 70's/80's Thatcher bailed out British Leyland to the tune of £2.9 billion (a hell of a lot of money in those days) Was it worth it? I would say yes.
http://europe.autonews.com/article/2...-academic-says

So if you were in Theresa's shoes, what would you do when you consider the cost (and to who) of Carillion going bust?

I would opt to save it, with two caveats.

1/. Some people should be held to account and jailed.

2/. HS2 should be abandoned straight away.

[alfinyalcabo]

Hard to take as it is, some companies ARE too big to be allowed to die.

I'm not sure if this applies to Carillion, but without doubt the numerous schemes they are working on must continue.
And without doubt people need to be brought to book about their dodgy dealings - this COULD involve politicians.
And who would lose if they were allowed to go under? Their directors will do very nicely, thank you. But the brickies, builders etc etc that they employ, along with the companies who rely on them for their business will really suffer.

The Labour party supported the banks 10 years ago. In retrospect, has it worked? I would say "probably".

Also 10 years ago the US government rescued their ailing car industry. Was it worth it? I would say "probably".

And in the 70's/80's Thatcher bailed out British Leyland to the tune of £2.9 billion (a hell of a lot of money in those days) Was it worth it? I would say yes.
http://europe.autonews.com/article/2...-academic-says

So if you were in Theresa's shoes, what would you do when you consider the cost (and to who) of Carillion going bust?

I would opt to save it, with two caveats.

1/. Some people should be held to account and jailed.

2/. HS2 should be abandoned straight away.

HS 2 should never ever have been given the go ahead in the first place,it's going to end up the biggest white elephant this country has seen , sell to save twenty minutes off the trip to London and how much will the Tickets be? Not affordable to many people ..

[The Bedlington Terrier]

Apologies OC I got carried away with the noughts...

However for a failing company in the private sector with its snout firmly in the taxpayers money trough Richard Howson, Carillion’s former chief executive from 2012 earned £1.5m in 2016, including £591,000 in bonuses. He continued to work for the firm until last autumn after stepping down as chief executive and is due to stay on the payroll, receiving his £660,000 salary and £28,000 benefits for another year, until October 2018.

Nice work if you can get it! The rest of the unfortunates have to rely on food banks, the Universal Credit fiasco, homelessness and real poverty. It's a disgrace!

[oldcolner]

BT please Research your topic before letting the bile out.

The most highly paid chief executive in 2016 was Sir Martin Sorrell at advertising giant WPP with £48.1m, followed by Carnival’s Arnold Donald on £22.4m and Reckitt Benckiser’s Rakesh Kapoor with £14.6m.

The boss of the casinos company Rank Group, which had a turnover of almost £709m, earned £857,250, including bonuses, but the highest-paid individual at Save the Children International, which had an income of £786m, received between £314,000 and £327,000.

The aerospace and technology provider e2v had a turnover of £236m and paid its chief executive £603,000, including bonuses.

Carillion turnover was £5bn so that’s 7 Times more than Rank and 20 times more than e2v. If anything the guy was underpaid in comparative terms.

some charities paid their highest earners considerably less than in previous years. The highest-paid employee at the London Clinic earned between £540,000 and £550,000, compared with £850,000 to £860,000 in the 2015 study.

There you go all emotive again
Food banks exist in most developed countries and there are some folk pleading poverty and homelessness on Buchanan St who have a home to go to and do very nicely - tax free take home £50k.
Would love to have a serious conversation on this but you make it difficult.

[The Bedlington Terrier]

I cannot defend private companies being allowed to rape the taxpayers treasure trove, nor should you OC!

I have tried to find figures from the National Audit office on the scale of this pillage - here you go...

https://www.theguardian.com/politics...MCNEWEML6619I2

[sinkov]

Overpaid fat cats in the public sector as well, especially the NHS, when they're found out they just move from one sinecure to another, taking their gold-plated pension with them. Worse than the private sector actually, we pay for this scam with our taxes.

[The Bedlington Terrier]

Unless they actually own the company, own all of the shares, a maximum salary for any CEO should be imposed. The salaries some of the "Charity" CEO's are beyond ridiculous.

[oldcolner]

Unless they actually own the company, own all of the shares, a maximum salary for any CEO should be imposed. The salaries some of the "Charity" CEO's are beyond ridiculous.

There is an issue over CEO pay, but companies don’t want to lose them if they can transform the company or have done so and it’s a global market where the CE can get much more by moving to the US. I thought a new target of 140 times the average production line worker salary was the latest Government plan. It has been as high as 300 times that in the US.