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

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.


The head of security firm G4S has said he expects the firm to be paid the full £235m contract for the Olympics despite the fiasco over staffing.

Nick Buckles told MPs that he expected Games organisers to pay "exactly in line with the contract".

Locog chief Paul Deighton earlier said it had paid G4S £90m up to 13 July, but nothing since the firm had said it could not deliver all the staff needed.
BBC News - Security firm G4S expects full Olympic Games payment
They'll get it aswell. Probably some compo for the 'fcuk around' and coming out of it looking like a bunch of incompetants.


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.
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.
"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

Similar threads

Latest Threads