Not looking great for Crapita either.
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Carillion
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And they fired the financial director after he said they shouldn't pay dividends because they were (?close to) insolvent - so they could pay increased dividends.
They needed to pay increased dividends otherwise people might think there was something wrong with the company.
The unctuous parading of their regret and crocodile tears which never went as far as actually admitting responsibility let alone guilt was truly repulsive.
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Originally posted by Mr Beast View PostPaying massive bonuses and dividends while screwing the pension funds. Some of these despicable vultures should be going to jail. And fucking new Labour are massively implicated in this typical free market pigs in a trough fiasco.
https://carillionplc-uploads-shared....0-original.pdf
Pre-tax profits £188m, and reducing its pension deficit. They must have got a fair bit of business of the government, which in some cases was likely poor value, but it's a bit harsh to blame New Labour for going tits up 7 years later.
I like this from Simon Wren-Lewis.
https://mainlymacro.blogspot.co.uk/2...ut-public.htmlLast edited by Tubby Isaacs; 09-02-2018, 21:34.
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