G4S expect to be paid in full for the Olympic fiasco.

Discussion in 'Current Affairs, News and Analysis' started by spike7451, Sep 11, 2012.

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  1. spike7451

    spike7451 RIP

    They say they'll loose £50m but still expect full payment of £235m despite not being able to deliver their contract.Should they be paid the remainder...I don't think so.


    BBC News - Security firm G4S expects full Olympic Games payment
  2. They'll get it aswell. Probably some compo for the 'fcuk around' and coming out of it looking like a bunch of incompetants.
    • Like Like x 1
  3. Naturally, they've seen the Banks be handsomely rewarded for failure, why not them?
  4. they should go screw themselves bunch of useless idiots. hey we screwed up could not supply what was contracted. but hey we still want all our money.
  5. They will get it, and those involved in making the decision as to them getting it will all be tied into g4s in some way (board/shares/cushy managerial post) shortly after their time working in govt is finished.

    Replace g4s in the above statement with any company or organisation and that's the way things work these days.
    • Like Like x 2
  6. "The way our system's supposed to work is: Incompetent people fail, competent people take their
    assets, start over from a fresh base, a stronger base, and then the system grows again.
    What's happening now is: They're taking the assets from the competent people, giving them
    to the incompetent people, and say to the incompetent people, "Ok, now you can compete
    with the competent people." And so the whole system is terribly weakened." Jim Rogers, 2009