3 ms·
To be fair, your example is not a counterpoint because the company also collapsed. I think you’d have to show examples where a company: 1. Was not allowed t
by dogruck 9y ago
To be fair, your example is not a counterpoint because the company also collapsed.
I think you’d have to show examples where a company:
1. Was not allowed to fire employees,
2. Executives did not take a pay cut,
3. The company continued to do well.
- pjc50 9y agohttps://www.theguardian.com/business/2017/jun/27/sir-philip-green-main-bhs-sale-pension-regulator-report https://www.theguardian.com/business/2017/jun/27/sir-philip-... > it had found that “the main purpose of the sale of BHS was to postpone BHS’s insolvency to prevent a liability to the schemes falling due while it was part of the Taveta group of companies ultimately owned by the Green family, and/or that the effect of the sale was materially detrimental to the schemes.” IE, Green underfunded the pension scheme in order to pay himself several hundred million pounds, and then sold the company off to escape liability for it. He "voluntarily" paid back £363 million in order to end an investigation that might have resulted in him being jailed.