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Carillion
Jan 13, 2018 20:15:22 GMT
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Post by Deleted on Jan 13, 2018 20:15:22 GMT
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Post by Deleted on Jan 14, 2018 1:09:09 GMT
The government have placed too many eggs in one basket, and that is the problem.
It's not rocket science, there are too few companies out there to bid for big public sector contracts and when one of those companies hits the buffers.......splat.
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Post by patty on Jan 14, 2018 6:19:57 GMT
I guess some of their responsibilities will have to go elsewhere....T'was a case of the more u have the more u want and when u get what u want its too much for you to cope with...
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Carillion
Jan 14, 2018 10:03:07 GMT
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Post by Jim on Jan 14, 2018 10:03:07 GMT
I guess some of their responsibilities will have to go elsewhere....T'was a case of the more u have the more u want and when u get what u want its too much for you to cope with... competitive tendering leads to a race to the bottom, underpricing to get the job, while still creaming off profits for shareholders. Bound to fail.
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Carillion
Jan 14, 2018 10:11:09 GMT
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Post by Jim on Jan 14, 2018 10:11:09 GMT
competitive tendering leads to a race to the bottom, underpricing to get the job, while still creaming off profits for shareholders. Bound to fail. Yet I thought you supported the EU? it's capitalism, not EU, bet it gets worse after brexit, till Jez gets in.
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Post by Deleted on Jan 14, 2018 10:42:59 GMT
Whatever happens the CEO who caused the mess seems to be in a rather comfortable position if the Daily Mail Group can be believed Yet since becoming chief executive at the start of 2012, Howson, 49, who lives in a £2 million luxury gated home near Skipton, North Yorkshire, has received total pay and bonuses of £6 million.
As late as 2016, when the clouds were darkening over the firm, he earned £1.51 million, including a £245,000 bonus in cash and shares and a £231,000 pension contribution.
Howson stepped down as chief executive in July last year, but continued to serve in a senior position as chief operating officer.
Initially, he intended to carry on in that role for a year, but finally quit in September 2017.
He is still being paid his £660,000 base salary until his notice period expires in nine months’ time, plus £28,000 worth of perks.
Leading shareholders are understood to have called on the firm to claw back some of Howson’s bonus payments.
Coincidentally or not, Carillion recently changed the wording of its pay policy so bosses’ bonuses are protected in circumstances of corporate failure.
Read more: www.thisismoney.co.uk/money/news/article-5266211/Crisis-ridden-Carillion-critical-list.html#ixzz549cQFhJt
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Post by peterboat on Jan 14, 2018 10:46:42 GMT
Yet I thought you supported the EU? it's capitalism, not EU, bet it gets worse after brexit, till Jez gets in. Laff I nearly weeeeeeeeed myself Jez get in? after the last pack of lies he backtracked on when he didnt get in
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Post by peterboat on Jan 14, 2018 11:20:46 GMT
On a serious note Kier might buy the company for it debt price you never know......................
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Carillion
Jan 14, 2018 11:32:41 GMT
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Post by thebfg on Jan 14, 2018 11:32:41 GMT
On a serious note Kier might buy the company for it debt price you never know...................... I wondered that. They do seen to get a lot of government council contracts. They are everywhere here. They have rebuilt a lot of schools here. They have all our local council contracts
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Post by peterboat on Jan 14, 2018 16:38:50 GMT
On a serious note Kier might buy the company for it debt price you never know...................... I wondered that. They do seen to get a lot of government council contracts. They are everywhere here. They have rebuilt a lot of schools here. They have all our local council contracts They have a small management team and sub everything out but they are huge to say the least
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Post by patty on Jan 15, 2018 7:08:44 GMT
Carillon gone into liquidation owning millions and millions...how the heck are these companies allowed to mount up debts like this?..And why as mentioned above do the fat cats skim off so much cream?...time to start making those in command pay back ££££££'s
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Carillion
Jan 15, 2018 8:17:57 GMT
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Post by thebfg on Jan 15, 2018 8:17:57 GMT
Carillon gone into liquidation owning millions and millions...how the heck are these companies allowed to mount up debts like this?..And why as mentioned above do the fat cats skim off so much cream?...time to start making those in command pay back ££££££'s I haven't read a lot into it but I think and I maybe wrong, it was a collapse of their shares that got them in trouble. They were worth billions am of a sudden they weren't
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Post by thebfg on Jan 15, 2018 8:29:19 GMT
All I can think is there might be some abandoned property soon to explore.
However someone will take them over.
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Post by Telemachus on Jan 15, 2018 12:53:32 GMT
What seems not to be making the news is that the Chairman of Carillion is that despised wide-boy Philip Green. Why do we allow these greedy selfish people such a big stake in our country!
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Post by Deleted on Jan 15, 2018 12:57:02 GMT
What seems not to be making the news is that the Chairman of Carillion is that despised wide-boy Philip Green. Why do we allow these greedy selfish people such a big stake in our country! Nice try...
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