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peterzs · 09-04-15, 09:36 PM

I still remember the Phoenix Four, promises of a fighting fund for the workers came to zilch, while they made millions and by the sound of it are still reeling the money in.

The “Phoenix Four” agreed to being disqualified as directors following a Government investigation that found they had extracted more than £42m in pay and pensions in the five years they ran the car maker. Local campaigners in Birmingham have called for them to give the MGR Capital money to former workers.

All the story. ---------------- http://www.telegraph.co.uk/finance/n...n-1m-each.html

Such a shame that it couldnt be turned round.

09-04-15, 09:36 PM	#10
peterzs promoted bloke! Join Date: May 2008 Location: bournemouth Posts: 16,800	I still remember the Phoenix Four, promises of a fighting fund for the workers came to zilch, while they made millions and by the sound of it are still reeling the money in. The “Phoenix Four” agreed to being disqualified as directors following a Government investigation that found they had extracted more than £42m in pay and pensions in the five years they ran the car maker. Local campaigners in Birmingham have called for them to give the MGR Capital money to former workers. All the story. ---------------- http://www.telegraph.co.uk/finance/n...n-1m-each.html Such a shame that it couldnt be turned round. __________________ ------------------------------ ------------------------------ __________________ Limited Edition Keyrings Last edited by peterzs; 09-04-15 at 09:38 PM.