Milibland's speech

Thrugelmir

Wheezy wrote: »

Labour is not in power and won't be for the foreseeable future, so who really cares?

Politicians have become increasingly detached from the real world. Lacking any business, professional experience. Just a politics degree.

We're in a situation akin to the Great Fire of London, and the powers to be appear to be totally clueless as how to address the problems.

Depressingly worrying. Bring back Winston Churchill. Wasn't popular but had the balls to make real decisions.

IronWolf

I also noted on the BBC has was attacking 'asset stripping' companies.

Funny I don't recall hearing of anything of the sort for many years. You always have restructuring after acquisitions but hardly anyone buys to strip assets anymore, mainly because you can't get companies for that cheap anymore.

Thrugelmir

IronWolf wrote: »

Funny I don't recall hearing of anything of the sort for many years. You always have restructuring after acquisitions but hardly anyone buys to strip assets anymore, mainly because you can't get companies for that cheap anymore.

Private equity is well and truly alive. Last year one Company (SME) I work for was the 63rd acquisition of the year for one. The aim is to build the customer base while benefiting from scale of background services. The whole process was akin to a plague of locusts. Very smooth and efficient. In the process around 90% of the existing staff were made redundant.

A._Badger

IME takeovers tend to destroy shareholder value. The savings are often less than expected, sales rarely seem to hold and customers and staff get poor treatment. The real benefciiaries are hired executives (who soon drift ff to repeat the scam with someone else) and the legions of undead lawyers and bankers paid a fortune to 'advise'.