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to paraphrase mike tyson, everybody has a disaster recovery plan until they get punched in the face
by onionisafruit 1y ago
to paraphrase mike tyson, everybody has a disaster recovery plan until they get punched in the face
- intrasight 1y agoThey did have a good plan - which was to have the government bail them out. If you have that plan, there is no need to have any other plan.
- noir_lord 1y agoFrom their point of view it was a good plan - given JLR is owned by Tata who had the resources to bail them out and didn't they (Tata) likely see it as a good deal. Late stage capitalism in action as usual - privatise the profits, socialise the costs. Technically what the government did was underwrite the loan but again - why is the government underwriting the loan when Tata has the resources to do that (13bn net income at last FY).