The GMB union has published a 61 page report about the financial moves that led to the current crisis at Southern Cross. The 31,000 residents of Southern Cross care homes face an uncertain future as Southern Cross takes desperate measures to avoid bankruptcy. Four of the former executives of Southern Cross made profits of over £35m between them when the company was floated in 2006.
http://www.gmb.org.uk/newsroom/latest_news/the_greedy__the_gullible.aspx
The Daily Mail has alleged that Jeremy Heywood, a key aide to Tony Blair and David Cameron who is tipped to become the next Cabinet Secretary, may have profited personally from the flotation as he was in charge of the team at Morgan Stanley that was responsible for it.
http://www.dailymail.co.uk/news/article-1395038/Southern-Cross-Blairs-aide-Jeremy-Heywood-dragged-scandal.html?ITO=1490
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