Another day, another bust UK company Watch

Rakas21
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#21
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#21
(Original post by Burton Bridge)
Exactly, however you make the point for government intervention right here, possible by accident?

Running the country for the benefit of large businesses and their directors is exactly what has got us into this mess, we are not learning from our mistakes either to boot. The banking crash thought us nothing by the looks? Fast forward to today and Thomas cook (former nationalised) working class employees struggle to pay their mortgages, while to as cook directors figure out what luxury to spend their bonuses on, privatisation thatcherite ideals at it finest.

The definition of insanity is to continue to do the same things, expecting different outcomes.
Thomas Cook cooked the books to the point of a 1.5bn writedown. The current directors only paid themselves 20m in their bonuses.

Whether you think their bonuses were wrong or not, your not seriously linking it to the collapse of Thomas Cook?

In this case Thomas Cook should not be saved in whole. While it may be worth saving the airline, its retail offering is out of date and any number of travel comparison websites do the same job.

Let it die.
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Burton Bridge
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#22
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#22
(Original post by Rakas21)
Thomas Cook cooked the books to the point of a 1.5bn writedown. The current directors only paid themselves 20m in their bonuses.

Whether you think their bonuses were wrong or not, your not seriously linking it to the collapse of Thomas Cook?

In this case Thomas Cook should not be saved in whole. While it may be worth saving the airline, its retail offering is out of date and any number of travel comparison websites do the same job.

Let it die.
Only 20m ..... that alright then :rolleyes:
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Napp
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#23
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#23
(Original post by Ferrograd)
We had the largest, greatest and strongest working class in the world.
In what universe is that true?
It's gone. We need a government that will re-industrialise our country and reivitalise failing industries.
Pray tell how reviviing dead industries could possibly help anyone? Theres a good reason British; Coal, Steel, Layland et al. went the way of the dodo. I fail to see how your rather odd plan to return this nation to the 19th century would benefit a single person bar the wealthy who would own said industry.
(Original post by Burton Bridge)
Only 20m ..... that alright then :rolleyes:
In fairness, given what companies and governments waste, it really is a very small drop in a very big bond
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Andrew97
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#24
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#24
Let’s not have mass renationlisaton. wouldn't work.

There’s a reason a lot of out stuff is made in China, production is cheap. It wouldn’t be in the U.K.

Moreover nationalised rail services are car companies don’t end well. A nationalised rail company gives the Unions too much power. The RMT already has too much power on London Underground.
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Drewski
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#25
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#25
(Original post by Rakas21)
Thomas Cook cooked the books to the point of a 1.5bn writedown. The current directors only paid themselves 20m in their bonuses.

Whether you think their bonuses were wrong or not, your not seriously linking it to the collapse of Thomas Cook?
(Original post by Burton Bridge)
Only 20m ..... that alright then :rolleyes:
And half of those salaries and bonuses were stock options... Which are now worthless.

Yes, £10m is obviously still a lot of money, but when you owe a billion, it really is nothing - but indicative of a far wider problem.
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Burton Bridge
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#26
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#26
(Original post by Jammy Duel)
On average about a dozen UK businesses become insolvent every day (and about 70 individuals), it really isn't that big a deal.

The idea that we should re industrialise is an odd one, it's almost as if you aren't aware that it would be a step backwards
In you're opinion it's a step backwards
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