Originally Posted by
Mambo
But no one is getting 'shafted' as you so eloquently put it - apart from the shareholders (those shareholders being banks, pension funds, and private investors). The 'working man' will still be doing his job - but probably for another company very soon. The contract of work still needs to be completed, another company will come in and 'employ' those who are working on Govt contracts. That same company will then apply for new Govt tenders as well , I would have thought
I read the report - and it is simple, the shareholders will raise a no confidence vote in the board to get rid of the chairman / CEO / finance director and anyone else who may have been trying to do something dodgy.
When the answer to any question is more Govt - then usually the wrong question is being asked - in my opinion.
Although in Arriva trains Wales (German owned) I think the WAG idea of attempting to run the franchise themselves will be an interesting experiment and one worth trying.