0 Have your say The battle to save Philip Green’s reputation is lost but the argument over Non Disclosure Agreements will continue to rage, writes Dani Garavelli Some people might wonder if Sir Philip Green had any reputation left to defend. This, after all, is the man who took hundreds of millions from BHS, before selling it to a serial bankrupt for a pound and leaving it with a £571 million hole in its pension fund. As the company collapsed and 11,000 people lost their jobs, the chairman of Arcadia Group – which includes Burton, Dorothy Perkins, Miss Selfridge and Topshop – was splashing his cash on luxury holidays or on his $100m yacht, Lionheart. This is the man who put his company in the name of his wife, Tina, who lives in Monaco, in order to cut his tax bill.In Oliver Shah’s unauthorised biography, Damaged Goods – much of which Green disputes – the 66-year-old billionaire is presented as an intolerant bully prone to … [Read more...] about Insight: Should the wealthy be a law unto themselves?
Nda result 2014
On 21 August, Donald Trump’s former lawyer and fixer Michael Cohen pleaded guilty to tax evasion, bank fraud and breaking campaign finance rules. In a stunning revelation, he directly implicated the president in criminal activity, saying that he acted “at the direction of and in coordination with” Trump to make illegal campaign payments to silence two women who say they had affairs with the president. He said the payments were “for the principal purpose of influencing the election”. Faced with a maximum sentence of 65 years in prison, Cohen is believed to be cooperating with the investigation into ties between the Trump campaign and Russia in exchange for leniency. On 22 August, Cohen’s lawyer Lanny Davis said in an interview with MSBNC that Cohen has “knowledge about a conspiracy to corrupt American democracy by the Russians and the failure to report that information to the FBI”. Cohen was one of Trump’s closest and most loyal … [Read more...] about ConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlight Donald Trump and Michael Cohen: a comprehensive timeline
The UK government has been forced to take a multibillion-pound nuclear cleanup contract back into public ownership, after a botched tender to the private sector landed the taxpayer with a £122m bill. The government will take over the decommissioning of Britain’s 12 Magnox sites, including the former nuclear power stations at Dungeness in Kent and Hinkley Point in Somerset. The move is a response to the fallout from the Nuclear Decommissioning Authority (NDA) awarding a 14-year deal to the international consortium Cavendish Fluor Partnership in 2014. Last year the government settled with two US companies that lost out on the £6.2bn contract and brought a legal challenge over the tender process. Ministers terminated the contract early, leading to speculation over whether it would be put out to tender again to the private sector or brought back into public hands. David Peattie, the NDA’s chief executive, told staff he understood they had faced uncertainty in recent … [Read more...] about UK nuclear cleanup contract back in public hands after £122m bill