Posted on 01/16/2018 12:12:05 AM PST by Berlin_Freeper
FURY erupted over fatcat pay at Carillion as the huge company went bust yesterday leaving 20,000 jobs on the brink.
Its former chief executive, who left in disgrace last year as shares plunged, was revealed to have got a £600,000 bonus while leading the construction empire to its doom.
Critics branded it farcical that Richard Howson, 49, was rewarded for failure.
His pay and perks in 2016 totalled £1.5million.
The company, which was also a major provider of services to hospitals and schools, went bankrupt with debts of £1.5billion after banks finally pulled the plug.
(Excerpt) Read more at thesun.co.uk ...
Bankruptcy court should claw back that bonus.
Britain’s opposition Labour and Liberal Democrat parties called for an investigation into the government’s dealings with Carillion before the company collapsed.
In a video posted on Twitter, Corbyn called Carillion's collapse a "watershed moment," adding that it was time to "end the rip-off privatization policies that have done serious damage to our public services and fleeced the public of billions of pounds."
I guess they were NOT to big to fail!!!
“Rewarded for failure”—a perfect description of welfare.
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