Re: Who did Amber in? : Tue May 22, 2018 7:24 am  

The Devil's Advocate wrote:

In this respect, I'm surprised no one has mentioned Carillion, or is that too toxic for a slightly quirky message board?

Exactly what I said;

That's the risk of capitalism. If the gamble works the return is profit. If it fails you are supposed to pay the price. But those responsible in major projects, as with the financial collapse, rarely do. It's the poor suckers further down the line who do.

Carillion knew they were in trouble yet continued to pay obscene salaries & bonuses. 20,000 UK jobs at risk. I can guarantee Carillion bosses who have not milked a cozy pension will be walking into top jobs at other multi national construction companies. A story of recklessness, hubris and greed.

Re: Who did Amber in? : Tue May 22, 2018 9:33 am  

Privatise the profits and socialise the losses. It's never those who are at fault who pick up the tab.

Re: Who did Amber in? : Tue May 22, 2018 9:55 am  

King Street Cat wrote:

Privatise the profits and socialise the losses. It's never those who are at fault who pick up the tab.

In the meantime bank the taxes

Re: Who did Amber in? : Tue May 22, 2018 9:58 am  

tigertot wrote:

Exactly what I said;

Carillion knew they were in trouble yet continued to pay obscene salaries & bonuses. 20,000 UK jobs at risk. I can guarantee Carillion bosses who have not milked a cozy pension will be walking into top jobs at other multi national construction companies. A story of recklessness, hubris and greed.

How did Carillion ever get a public contract? possibly because they were the lowest bidder by a distance.

That company was rotten to the core - not all private business is run with such lowly ethics/culture. I would suggest the high up people in that business will struggle to gain employment in a any kind of sizable business.

Re: Who did Amber in? : Tue May 22, 2018 10:34 am  

Sal Paradise wrote:

How did Carillion ever get a public contract? possibly because they were the lowest bidder by a distance.

That company was rotten to the core - not all private business is run with such lowly ethics/culture. I would suggest the high up people in that business will struggle to gain employment in a any kind of sizable business.

My parents had their own business, just my Dad running it on a day to day basis. I know what it takes to keep it going, about simple morals & business ethics, & who suffers if it struggles. There are a handful of large construction companies & consultants in the UK capable of dealing with projects >£20m. It is a merrygoround of senior managers between them. I have seen numerous companies go bust, taking small suppliers & sub contractors with them, only for the same people to crop up soon after.

Re: Who did Amber in? : Tue May 22, 2018 12:55 pm  

tigertot wrote:

My parents had their own business, just my Dad running it on a day to day basis. I know what it takes to keep it going, about simple morals & business ethics, & who suffers if it struggles. There are a handful of large construction companies & consultants in the UK capable of dealing with projects >£20m. It is a merrygoround of senior managers between them. I have seen numerous companies go bust, taking small suppliers & sub contractors with them, only for the same people to crop up soon after.

I would suggest the skill set of running a large project is not in the skill set of the main directors of Carillion it will be in the senior project managers/engineers. Very slim chance of the Chairman/CEO/CFO ever appearing on the board of a major construction company in the future.

They will do well to avoid being struck of as directors and stuck off their professional bodies.