ctfc-fan wrote:
Just had a look at their accounts, they paid out £788m in dividends to shareholders last accounting year. They should have told shareholders they couldn't pay it to ensure the ongoing security of the company.
KPMG need to answer a few difficult questions too and I wonder if these large auditors need bringing to book too. They should have questioned the company's ability to continue trading.
Unfortunately, shareholder dividends being based on actual performance is not how British business wants to operate. In a free market yes, in a self-serving rigged market like Britain, no.
Think about it - if the CEO had said to shareholders that their dividends would be paused, he couldn't have justified his huge millions of pounds salary scheme and shareholders may have voted against the remuneration plan.
Such a shame to see what was once a great business and free market nation being turned into an oligarchy.
Re: KPMG...was it not them who oversaw Tesco false accounting? When they get massive fees from Carillon, why would they rock the boat as the client would switch to another big four firm who were happy to ignore/cover up issues.