Del Fenner
Because of Boxing Day
Am I the only one wondering why the police haven't arrested and charged anyone?
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BHS
- Thread starter Del Fenner
- Start date
Easy 10
Brain dead MUG SHEEP
Looks like it.
franks brother
Well-known member
And while the wealthy bitch about how many million the other shouldn’t have had, 11’000 staff lose their livelihood. These job losses are just collateral damage in the battle of the rich to be become richer
SIMMO SAYS
Well-known member
Am I the only one wondering why the police haven't arrested and charged anyone?[
Coz the scumbags look after themselves
vegster
Sanity Clause
- May 5, 2008
- 27,886
Read Private Eye and you will find Mr Chappell was a disaster waiting to happen and Mr Green couldn't believe his luck when he took BHS off his hands. as others have said, the 11,000 odd staff don't count for anything I'm afraid.
Leekbrookgull
Well-known member
Can someone please explain (and keep it simple) how almost £600 m from the pension fund is missing/taking-out ?
severnside gull
Well-known member
It was "misappropriated"
In any other context you would say stolen but when you're a paragon of all the Tory virtues a nod is as good as a wink.
Poor old Philip Green - he had to offload BHS and avoid tax - otherwise how else could afford that essential new boat - http://www.superyachtfan.com/superyacht/superyacht_lionheart.html
Bob!
Coffee Buyer
- Jul 5, 2003
- 11,114
Why is it not a criminal offence to not keep the pension fund fully funded?
Yachts, Pension Funds, Maxwell............
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,287
because final salary or even many defined benefit pensions are not sustainable, especially with the current interest rates (indirectly pushing down bond prices). simply they have to payout more than the employers and employees ever put in. getting a penion fund back into the black is often why companies have huge redundancies, because it reduces the pension liabilities. many companies are essentially bankrupt if you count their pension fund liabilities.
whats most curious in such situations as BHS is why the pension fund doesnt buy the business as a managment buyout. one can assume the trustees would consider this and reject it as the company isnt sustainable.
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 70,126
This. Private Eye had Chappell sussed and were ringing the alarm bells earlydoors.
alfredmizen
Banned
- Mar 11, 2015
- 6,342
This
alfredmizen
Banned
- Mar 11, 2015
- 6,342
Low interest rates put bond prices up not down , they have a direct effect on bond prices , not indirect, bond prices will go down when rates finally start to go up.
The Andy Naylor Fan Club
Well-known member
Coming across as a patronising bugger and trying to control the interview/committee. Also has quite a poor memory when it comes to some important questions!
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 70,126
Can see him flouncing out of the meeting at this rate.