LON:FRP | FRP | Graham Hacker

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4th Jul '20 by Graham Hacker

2 comments 351 reads

Times today shows FRP having handled administration of Everest & Monsoon

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Graham Hacker

Premium Member

2 comments

Silver Moon

4th Jul '20

I guess this means that current shareholders of insolvent companies are going to be the losers which they will be in any case. The corrupt bit comes where the former owner is allowed by law to pick up the pieces and carry on as though nothing had happened?

William K

4th Jul '20

The only possible merit in this is that some of the employees of bankrupt businesses may be able to keep their jobs. Apart from that the scheme seems to provide a reward for failure, if not an actual incentive to fail.

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About the Author

Graham Hacker

2 comments

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