Bhs collapse and philip green

[mercury]

what do people thnk about this debacle?

apparently the taxpayer is to fork out 30m

Whilst the two musketeers swan off into the sunset

Lets see what transpires next week between parliament and mr green

[John]

what do people thnk about this debacle?

apparently the taxpayer is to fork out 30m

Whilst the two musketeers swan off into the sunset

Lets see what transpires next week between parliament and mr green

It's disgraceful how these crooks can get away with corporate fraud like this. Green knew exactly what the state of play was and what he was doing when he off-loaded BHS for a quid.  Green pocketed over £500 million from BHS before dumping it and left a black hole to the tune of between £200 million and £300 million in the pension fund. It isn't rocket science to work out what was going on!

As the pensions regulator considers whether to pursue Green for between £200m and £300m – to help fill the black hole in BHS’s pension schemes that had developed since 2000 – he is awaiting delivery of his latest toy: a $150m (£100m) superyacht named Lionheart. The 90-metre vessel will join Green’s two other yachts, speedboat, helicopter and Gulfstream jet, which comes in handy for his weekly trips to and from Monaco to visit his family.



https://www.theguardian.com/business/2016/apr/25/bhs-philip-green-family-millions-administration-arcadia

[mercury]

deleted

[G-Unit]

He seems to fear Frank Field;

BHS collapse: Sir Philip Green demands 'biased' MP Frank Field resign
http://www.bbc.co.uk/news/business-36506266

[mercury]

He seems to fear Frank Field;

BHS collapse: Sir Philip Green demands 'biased' MP Frank Field resign
http://www.bbc.co.uk/news/business-36506266

well he can stamp his foot as much as he likes, never gonna happen


 

Its disgusting there is no law to guarantee workers pensions paid into in private companies...when the govt actually promote them...all these workers contributions have gone into the fraudsters pockets down the drain

[Holly Goodhead]

I've just read the following article in my fave paper the i:

http://www.independent.co.uk/pugpig/7155141

I remember when Tony Blair awarded Philip Green a knighthood thinking why?  And again thinking why when David Cameron appointed Green as the government's 'efficiency tsar' on how to reduce waste!

I hope Philip Green is stripped of his knighthood and ostracised by his so-called celeb friends.  At least those he likes to surround himself with do have a modicum of talent, unlike Green, even if only beauty such as Kate Moss and Naomi Campbell.  Imo Philip Green and Mike Ashley (Sports Direct) are a pair of clinically obese, sweaty, bully boy, uncouth, crooks.

[G-Unit]

Former BHS owner Sir Philip Green has demanded an "immediate apology" from MP Frank Field for comments he made about his running of the collapsed retailer.

Speaking to the BBC, the co-chair of an inquiry into BHS compared Sir Philip unfavourably to late media magnate Robert Maxwell, who took millions from the Mirror Group's pension funds.
"This statement is highly defamatory and completely false," said law firm Schillings, representing Sir Philip.

Schillings' letter to Frank Field on behalf of Sir Philip Green in full:
25 July 2016
URGENT
Dear Sir
SIR PHILIP GREEN
We act for Sir Philip Green and write with reference to your interview on Radio 4's Today programme this morning.
In that interview you alleged that our client had stolen money, specifically from the BHS and Arcadia pension funds. This statement is highly defamatory and completely false.
Our client has never stolen any money from BHS, Arcadia or the pension funds and you know that. In particular, there is nothing in the recent Report of the Work and Pensions and Business, Innovation and Skills Committees, (the Report) (of which you were one of the Chairs) to support your allegation.
Clearly an allegation that our client is a thief is likely to cause him serious harm.
Further, in relation to the recent Parliamentary hearings and the Report and allegations made there you were protected by privilege. That does not apply to the interview this morning (or any others you intend to make).
In the circumstances, our client requires an immediate and fulsome apology in relation to the allegation (to be agreed in terms of the content and manner by this firm in advance of publication).
We look forward to hearing from you on this point within 24 hours. This matter is clearly urgent as your defamatory statements are being repeated in the media, for which you are undoubtedly liable.
The other remedies to which our client is clearly entitled will very much depend on form and manner of your response and in the meantime, all of our client's rights are reserved.
Please acknowledge receipt.
Yours faithfully
SCHILLINGS
http://www.bbc.co.uk/news/business-36889819

[puglove]

I've just read the following article in my fave paper the i:

http://www.independent.co.uk/pugpig/7155141

I remember when Tony Blair awarded Philip Green a knighthood thinking why?  And again thinking why when David Cameron appointed Green as the government's 'efficiency tsar' on how to reduce waste!

I hope Philip Green is stripped of his knighthood and ostracised by his so-called celeb friends.  At least those he likes to surround himself with do have a modicum of talent, unlike Green, even if only beauty such as Kate Moss and Naomi Campbell.  Imo Philip Green and Mike Ashley (Sports Direct) are a pair of clinically obese, sweaty, bully boy, uncouth, crooks.

You're cock on there, Holl. PG is a bloated, swarthy, over-indulged lump of enmity, bobbing about on a yacht the size of Guernsey, gorging on pate and fondling supermodels' VPLs. IMO, he's no better than Savile. And he's screwed over decent people who trusted him.

I bloody love it when the wheel of fortune turns!! It always does, you can't piss about with fate. (Reference Jeremy Bamber, Ian Huntley, Mick Philpott, Fred West, Rolf Harris, Adolf Hitler.)

 

[Holly Goodhead]

You're cock on there, Holl. PG is a bloated, swarthy, over-indulged lump of enmity, bobbing about on a yacht the size of Guernsey, gorging on pate and fondling supermodels' VPLs. IMO, he's no better than Savile. And he's screwed over decent people who trusted him.

I bloody love it when the wheel of fortune turns!! It always does, you can't piss about with fate. (Reference Jeremy Bamber, Ian Huntley, Mick Philpott, Fred West, Rolf Harris, Adolf Hitler.)

 

I think those that refer to him as the 'unacceptable face of capitlaism' are too kind.  His face is unacceptable period.  Imagine all that blubber wobbling around on the Lionchase at sea like a blancmange with 'Lady' Green salviating.   What a grotesque couple.

[Holly Goodhead]

Former BHS owner Sir Philip Green has demanded an "immediate apology" from MP Frank Field for comments he made about his running of the collapsed retailer.

Speaking to the BBC, the co-chair of an inquiry into BHS compared Sir Philip unfavourably to late media magnate Robert Maxwell, who took millions from the Mirror Group's pension funds.
"This statement is highly defamatory and completely false," said law firm Schillings, representing Sir Philip.

Schillings' letter to Frank Field on behalf of Sir Philip Green in full:
25 July 2016
URGENT
Dear Sir
SIR PHILIP GREEN
We act for Sir Philip Green and write with reference to your interview on Radio 4's Today programme this morning.
In that interview you alleged that our client had stolen money, specifically from the BHS and Arcadia pension funds. This statement is highly defamatory and completely false.
Our client has never stolen any money from BHS, Arcadia or the pension funds and you know that. In particular, there is nothing in the recent Report of the Work and Pensions and Business, Innovation and Skills Committees, (the Report) (of which you were one of the Chairs) to support your allegation.
Clearly an allegation that our client is a thief is likely to cause him serious harm.
Further, in relation to the recent Parliamentary hearings and the Report and allegations made there you were protected by privilege. That does not apply to the interview this morning (or any others you intend to make).
In the circumstances, our client requires an immediate and fulsome apology in relation to the allegation (to be agreed in terms of the content and manner by this firm in advance of publication).
We look forward to hearing from you on this point within 24 hours. This matter is clearly urgent as your defamatory statements are being repeated in the media, for which you are undoubtedly liable.
The other remedies to which our client is clearly entitled will very much depend on form and manner of your response and in the meantime, all of our client's rights are reserved.
Please acknowledge receipt.
Yours faithfully
SCHILLINGS
http://www.bbc.co.uk/news/business-36889819

He probably hasn't technically/legally done anything wrong.  Frank Field would be better trying to keep his emotions in check imo.  If the Greens don't make good the pension deficit they will be ostracised by decent monied people and left to party with s...k.