Recession business idea

[ShadownINja]

If governments bail out businesses, you watch for economic indicators to suggest an impending recession (unlikely to happen ever again because Gordon Clown has saved the world), start up a business (it doesn't have to do anything useful; let's call it Wallworths for this example), employ as many people as you possibly can (50,000), then tell the government that if your business fails, 50,000 would be made redundant.

Pay yourself a bonus in the first year of a couple of million.

Edited by ShadownINja on Friday 12th December 00:49

[groomi]

Too much effort. Why bother setting up the business in the first place? You don't need to make any money, just sit back until the government tell you you no longer have to pay your mortgage.

[ShadownINja]

There's that!! I just wanted the £2m bonus.

[JamieBeeston]

ShadownINja said:

There's that!! I just wanted the £2m bonus.

Where does the money to pay the 50,000 staff come from?
Where does the money to pay for the offices for the 50,000 staff come from?
Where does the money to interview the 50,000 staff come from?

[dilbert]

JamieBeeston said:

ShadownINja said:

There's that!! I just wanted the £2m bonus.

Where does the money to pay the 50,000 staff come from?

In fairness to the OP, the same is true for a failing business.

[groomi]

JamieBeeston said:

ShadownINja said:

There's that!! I just wanted the £2m bonus.

Where does the money to pay the 50,000 staff come from? Credit cards
Where does the money to pay for the offices for the 50,000 staff come from? No offices required, all work from home
Where does the money to interview the 50,000 staff come from? Got a NI number? You're in.

[JamieBeeston]

groomi said:

JamieBeeston said:

ShadownINja said:

There's that!! I just wanted the £2m bonus.

Where does the money to pay the 50,000 staff come from? Credit cards
Where does the money to pay for the offices for the 50,000 staff come from? No offices required, all work from home
Where does the money to interview the 50,000 staff come from? Got a NI number? You're in.

Result

You first ... and that's some monster credit card limit you have :P

[ShadownINja]

Timing is everything.