Bandit capitalism : Carillion and the british oligarchs
Wylie, Bob2019
Books
The collapse in January 2018 of the construction giant Carillion, outsourcer of huge Government building contracts, is one of the great financial scandals of modern times. When it folded it had only 29 million in the bank and debts and other liabilities adding up to a staggering 7 billion. When the total losses were counted it was established that the banks were owed 1.3 billion in loans and that there was a hole in the pension fund of 2.6 billion. British taxpayers joined the long list of creditors, losing about 150 million. On one level, this is a familiar story of directors who systematically looted a company with the aim of their own enrichment. But in a wider context the Carillion catastrophe exposes everything that is wrong about the state we are in now.
Main title:
Author:
Wylie, Bob, author
Imprint:
Edinburgh : Birlinn, 2019.
Collation:
240 pages : illustrations (black and white, and colour) ; 24 cm
ISBN:
9781780275963 (pbk. :)
Dewey class:
364.168094364.168
Language:
English
Subject:
BRN:
430066