Sir Philip Green vs Select committee
Discussion
I think:
- Phil Green will pay something.
- Not for his Knighthood but instead to protect his UK assets and business from further acrimony.
- Consider it a £571m investment in Arcadia.
I also think that he's not ENTIRELY responsible for every last penny of the deficit. These pensions scheme values vary according to market fluctuations and a million other variables. He needs to pay but the entirety of the hole is not his doing alone.
Perhaps, according to those that know him, this is his comeuppance.
- Phil Green will pay something.
- Not for his Knighthood but instead to protect his UK assets and business from further acrimony.
- Consider it a £571m investment in Arcadia.
I also think that he's not ENTIRELY responsible for every last penny of the deficit. These pensions scheme values vary according to market fluctuations and a million other variables. He needs to pay but the entirety of the hole is not his doing alone.
Perhaps, according to those that know him, this is his comeuppance.
I don't know who handles Philip Green's PR but he needs to sack them. He gives tens of millions to charity every year but that hasn't got a mention in recent months.
That's not to say it should get him off the hook for any wrongdoing at BHS, but you'd think his PR people would at least be trying to mitigate the reputation damage.
That's not to say it should get him off the hook for any wrongdoing at BHS, but you'd think his PR people would at least be trying to mitigate the reputation damage.
TwigtheWonderkid said:
I don't know who handles Philip Green's PR but he needs to sack them. He gives tens of millions to charity every year but that hasn't got a mention in recent months.
That's not to say it should get him off the hook for any wrongdoing at BHS, but you'd think his PR people would at least be trying to mitigate the reputation damage.
I think it's way too late now and Green has to be looking at his prevailing companies in the UK and any potential damage this is doing to them. That's not to say it should get him off the hook for any wrongdoing at BHS, but you'd think his PR people would at least be trying to mitigate the reputation damage.
This will run and run he will not settle and might actually now go back on his statement that he will fix it loading the go T with the cost instead and fight hard.
TwigtheWonderkid said:
I don't know who handles Philip Green's PR but he needs to sack them. He gives tens of millions to charity every year but that hasn't got a mention in recent months.
That's not to say it should get him off the hook for any wrongdoing at BHS, but you'd think his PR people would at least be trying to mitigate the reputation damage.
If he gave the whole lot to charity the PR might be helpful.That's not to say it should get him off the hook for any wrongdoing at BHS, but you'd think his PR people would at least be trying to mitigate the reputation damage.
Welshbeef said:
Breaking news Mr Green is suing for libel
I'm not surprised. Frank Field went slightly overboard (no pun intended) when he compared Sir Philip Green to Robert Maxwell. Robert Maxwell actively stole money from the Mirror Group pension fund. Sir Philip Green did not take anything from the BHS scheme.Europa1 said:
Welshbeef said:
Breaking news Mr Green is suing for libel
I'm not surprised. Frank Field went slightly overboard (no pun intended) when he compared Sir Philip Green to Robert Maxwell. Robert Maxwell actively stole money from the Mirror Group pension fund. Sir Philip Green did not take anything from the BHS scheme.Jockman said:
Europa1 said:
Welshbeef said:
Breaking news Mr Green is suing for libel
I'm not surprised. Frank Field went slightly overboard (no pun intended) when he compared Sir Philip Green to Robert Maxwell. Robert Maxwell actively stole money from the Mirror Group pension fund. Sir Philip Green did not take anything from the BHS scheme.Then again, I suspect Sir Philip Green can afford rather better lawyers than Frank Field...
Europa1 said:
Jockman said:
Europa1 said:
Welshbeef said:
Breaking news Mr Green is suing for libel
I'm not surprised. Frank Field went slightly overboard (no pun intended) when he compared Sir Philip Green to Robert Maxwell. Robert Maxwell actively stole money from the Mirror Group pension fund. Sir Philip Green did not take anything from the BHS scheme.Then again, I suspect Sir Philip Green can afford rather better lawyers than Frank Field...
Other than that, great guy, does a lot for Charidee....
crankedup said:
...At long last perhaps these greedy self serving parasites may just be recognised for the damage that their actions cause to Society, employees and good business folk ...
Perhaps you would prefer it if P. Green just shut up shop?Thereby unemploying all those at TopShop, Miss Selfridge, Burton, Dorothy Perkins, TopMan, Wallis, etc etc?
Presumably those brands continue to do something right, therefore providing some jobs and a few taxes for the UK economy. But let's chase the mountebank out of town, pitchforks in hand...
That's not to say he's beyond rebuke, nor that he might be a skilled manipulator and shrewd deal maker, but so far no-one has pinpointed any law breaking. Immoral and unethical perhaps, but not actually illegal (so far).
Murcielago_Boy said:
I think:
- Phil Green will pay something.
- Not for his Knighthood but instead to protect his UK assets and business from further acrimony.
- Consider it a £571m investment in Arcadia.
I also think that he's not ENTIRELY responsible for every last penny of the deficit. These pensions scheme values vary according to market fluctuations and a million other variables. He needs to pay but the entirety of the hole is not his doing alone.
Perhaps, according to those that know him, this is his comeuppance.
I would agree.- Phil Green will pay something.
- Not for his Knighthood but instead to protect his UK assets and business from further acrimony.
- Consider it a £571m investment in Arcadia.
I also think that he's not ENTIRELY responsible for every last penny of the deficit. These pensions scheme values vary according to market fluctuations and a million other variables. He needs to pay but the entirety of the hole is not his doing alone.
Perhaps, according to those that know him, this is his comeuppance.
The payment will be made by Green purely to avoid any further investigations, not because he truly cares about the scale of his wrongdoing and how it will affect those - the BHS workers - involved.
hornetrider said:
Indeed.
Is it not 'a thing' to be extracting divis when the company can't afford it? It is at my lowly one-man-band level, anyway.
Yes quite true, the law states dividends can only be taken if the company can afford to do so.Is it not 'a thing' to be extracting divis when the company can't afford it? It is at my lowly one-man-band level, anyway.
Although technically at the time I suppose it could.
Jockman said:
Europa1 said:
Welshbeef said:
Breaking news Mr Green is suing for libel
I'm not surprised. Frank Field went slightly overboard (no pun intended) when he compared Sir Philip Green to Robert Maxwell. Robert Maxwell actively stole money from the Mirror Group pension fund. Sir Philip Green did not take anything from the BHS scheme.The taxpayers and other pension schemes will be left to shoulder the burden of the failed BHS pension scheme.
sugerbear said:
Mr Green is only threatening to sue, it's all just hot air, along with his promise to sort out the pension.
The taxpayers and other pension schemes will be left to shoulder the burden of the failed BHS pension scheme.
Indeed I can't imagine Green would want to appear in a courtroom to answer a barrister about how he would differ from Maxwell and explain his dealings.The taxpayers and other pension schemes will be left to shoulder the burden of the failed BHS pension scheme.
greygoose said:
Indeed I can't imagine Green would want to appear in a courtroom to answer a barrister about how he would differ from Maxwell and explain his dealings.
I imagine that would be pretty simple:- Maxwell stole from the pension fund.
- Green took dividends from the business and subsequently the pension scheme became underfunded (but not necessarily as a direct cause of the dividends).
Edited by sidicks on Tuesday 26th July 10:08
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