Some people have accused the board at Carillion of lacking foresight, but this seems unfair, because last year the board changed their policy to protect executive bonuses so they would still be paid in the event of the company going bankrupt.And that seems packed full of foresight That’s an argument settled.
Madoff Investment Securities LLC (BLMIS) liquidation, the Securities Investor Protection Corporation (SIPC) has made cash advances – up to a maximum of 0,000 per allowed claim – available to the court-appointed Securities Investor Protection Act (SIPA) Trustee to distribute to eligible customers, as a way to expedite financial relief to these customers.
But this is where the Conservatives were smart: instead of panicking and giving the contracts to someone else, they calmly took a £50,000 donation off that hedge fund.
So Carillion’s troubles may have cost the country a few million, but they’ve already made £50,000 for the Conservative Party so it’s all worked out for the best.
The Conservatives and their supporters, as well as the right-leaning newspapers, have also stayed calm, because they know it wouldn’t help if they became hysterical.
And this is only fair, as they’d be just as understanding if something publicly funded – such as a local council or the BBC – went bankrupt but still paid £591,000 bonuses to its directors.
And when you’re providing meals, if you have to make money from them, you’re bound to provide a better service.