(Sir) Philip Green

marcruse
marcruse Posts: 64
edited October 2016 in The cake stop
So the Commons announce that they think he should be stripped of his knighthood, just a few days before he says he's going to sit down with the Pensions Regulator to resolve the pension problem. Wouldn't it have made more sense to do that the other way around?

Comments

  • ballysmate
    ballysmate Posts: 15,996
    Don't think it matters much tbh.
    Wouldn't expect him to give a fcuk about a K
  • FocusZing
    FocusZing Posts: 4,373
    They think he should two days before, apply the pressure.
  • slowmart
    slowmart Posts: 4,516
    edited October 2016
    15 years SPG had to resolve the pension issue at BHS and failed to do so. Bought before the select committee and he states he's working in a solution which we've yet to see.

    Which begged the question why SPG didn't remedy the problem during his fifteen year tenure but the quality of MP's appears to be of low intelligence and ability when they had the opportunity to drill down into the detail.

    SPG has done nothing illegal and he's run rings around those MP's. They licked his ring when he paid his mrs the highest ever dividend payment who domiciled in Monaco paid no tax. Oh and the dividend of £1.3 BILLION was a loan raised on future earnings and other shareholder (HBOS) were paid a dividend of 8% equal to their shareholding. HBOS facilitated the financial support for Green to buy BHS and lent Green £850 million to acquire Arcadia which was paid back within two years. The dividend payment to a Green accrued to the net debt position of the group but cash generation and assets made all this legal and nowhere near the levels of leverage that venture capital companies operate at or the cash they take.

    Greens nature is his undoing but the environment he operates in is one that the government nurtures.
    “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime. Teach a man to cycle and he will realize fishing is stupid and boring”

    Desmond Tutu
  • slowmart
    slowmart Posts: 4,516
    FocusZing wrote:
    They think he should two days before, apply the pressure.

    Are you kidding? Have a few personal guarantees on a deal and the opportunity to lose everything you've built. That's pressure.


    Losing a knighthood from a bunch of self serving monkies. I'd take a shit on the piece of metal and have it courieried to Number 10 in all its glory.
    “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime. Teach a man to cycle and he will realize fishing is stupid and boring”

    Desmond Tutu
  • joelsim
    joelsim Posts: 7,552
    Slowmart wrote:
    15 years SPG had to resolve the pension issue at BHS and failed to do so. Bought before the select committee and he states he's working in a solution which we've yet to see.

    Which begged the question why SPG didn't remedy the problem during his fifteen year tenure but the quality of MP's appears to be of low intelligence and ability when they had the opportunity to drill down into the detail.

    SPG has done nothing illegal and he's run rings around those MP's. They licked his ring when he paid his mrs the highest ever dividend payment who domiciled in Monaco paid no tax. Oh and the dividend of £1.3 BILLION was a loan raised on future earnings and other shareholder (HBOS) were paid a dividend of 8% equal to their shareholding. HBOS facilitated the financial support for Green to buy BHS and lent Green £850 to acquire Arcadia which was paid back within two years. The dividend payment to a Green accrued to the net debt position of the group but cash generation and assets made all this legal and nowhere near the levels of leverage that venture capital companies operate at or the cash they take.

    Greens nature is his undoing but the environment he operates in is one that the government nurtures.

    Well said that man. A toad of the highest order.
  • cycleclinic
    cycleclinic Posts: 6,865
    Mr Green is an arse everyone knows that but the politicans are arses for grandstanding. Green has not been convicted of a crime so I am not too sure on what grounds they have to call for the striping of his peerage. Maybe the peerage system is at fault they are not calling for the scrapping of that.
    http://www.thecycleclinic.co.uk -wheel building and other stuff.
  • Garry H
    Garry H Posts: 6,639
    thecycleclinic wrote:
    Mr Green is an ars* everyone knows that but the politicans are arses for grandstanding. Green has not been convicted of a crime so I am not too sure on what grounds they have to call for the striping of his peerage. Maybe the peerage system is at fault they are not calling for the scrapping of that.
    A good point, well made. Do people really give a shite about knighthoods these days?

    Was it you that phoned in Radio 4 on Saturday?
  • Pross
    Pross Posts: 43,593
    thecycleclinic wrote:
    Mr Green is an ars* everyone knows that but the politicans are arses for grandstanding. Green has not been convicted of a crime so I am not too sure on what grounds they have to call for the striping of his peerage. Maybe the peerage system is at fault they are not calling for the scrapping of that.

    Agreed. MPs seem to abuse their parliamentary privilege to try to make a name for themselves. Tom Watson in the phone hacking inquiry was the worst case.
  • Alain Quay
    Alain Quay Posts: 534
    Why can't he show goodwill by selling some of his personal assets in the mean time?
    He has a few yachts, one worth £100M.
  • narbs
    narbs Posts: 593
    Clive Lewis nailed it in his speech in the Commons yesterday.

    Stripping his knighthood does nothing for the BHS pensioners who are out of pocket and if MPs want to stop the sort of asset stripping and immorality seen in the whole BHS saga then they have the power to legislate to prevent it. All the grandstanding in the world won't change that.

    Green may well be an utter c*ck but if you want to prevent things like this happening, make them illegal.
  • slowmart
    slowmart Posts: 4,516
    People are forgetting that it's SPG's wife who owns all the shares.

    Green in effect is her employee and runs the day to day operations and as it's a privately owned business there is little transparency required by law
    “Give a man a fish and feed him for a day. Teach a man to fish and feed him for a lifetime. Teach a man to cycle and he will realize fishing is stupid and boring”

    Desmond Tutu
  • mr_goo
    mr_goo Posts: 3,770
    Alain Quay wrote:
    Why can't he show goodwill by selling some of his personal assets in the mean time?
    He has a few yachts, one worth £100M.

    Or better still. Fall off one of his yatchs in the choppy Mediterranean for a permanent residency at Mr Jones' Locker.
    Then we can have a couple of years of stories in the tabloids of mysterious sitings of Green .
    Always be yourself, unless you can be Aaron Rodgers....Then always be Aaron Rodgers.
  • joelsim
    joelsim Posts: 7,552
    Mr Goo wrote:
    Alain Quay wrote:
    Why can't he show goodwill by selling some of his personal assets in the mean time?
    He has a few yachts, one worth £100M.

    Or better still. Fall off one of his yatchs in the choppy Mediterranean for a permanent residency at Mr Jones' Locker.
    Then we can have a couple of years of stories in the tabloids of mysterious sitings of Green .

    I suspect he'd float like an oil slick.

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