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dragging boot straps

Persimmon boss walk off - front page BBC

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Didn't see this posted yet. I know the bbc gets hammered on here but this is front page anti-meddling sentiment. 

Great that the boss of persimmon aborted the interview. Massive PR fail for him and the ill-fated help to buy. 

It's a national scandal and, in the fullness of time, will be treated as such. 

https://www.bbc.co.uk/news/av/business-45911792/persimmon-boss-refuses-to-answer-questions-about-75m-bonus

 

Edit: I see it now in the tory graph thread but perhaps worthy of own thread. 

Edited by dragging boot straps

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No need to pelt them with eggs. He - and the other directors - just need to be compelled to return all bonuses, gains from share options etc. received since HTB was introduced at the very least.

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This reporting distracts from the actual problem, a vast transfer of taxpayer's wealth to property developers in return for their bringing new entrants into the housing pyramid scheme.

It's the same technique used when they ignored the actual problems leading to the 2007 crash and shouted about bankers' bonuses.

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8 minutes ago, darkmarket said:

This reporting distracts from the actual problem, a vast transfer of taxpayer's wealth to property developers in return for their bringing new entrants into the housing pyramid scheme.

 

The reporter concerned told his Twitter followers that's exactly why it matters and where he would have been going if the scumbag hadn't run off.

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2 minutes ago, disenfranchised said:

The reporter concerned told his Twitter followers that's exactly why it matters and where he would have been going if the scumbag hadn't run off.

https://twitter.com/spencerstokestv/status/1053241897362317313

That's the tweet for reference, but the narrative is set. It's absurd to cover HTB as reasonable housing policy for years and then feign shock that the CEO of Persimmon has a high salary. It's also a setup to not deal with the actual problem, instead they can make some announcement about shareholders and boards.

It's the same kind of gossip news that Laura Keunssberg specialises in, completely vapid at best, nefarious at worst.

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Odd that the Director of a building company needs to be accompanied by media handlers, standing in the wings, ready to intervene at a moment's notice to keep the interview on-message

Very strange!  Almost as if he feels incredibly guilty about something, or has something very embarrassing to hide!

 

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2 hours ago, disenfranchised said:

I'd be quite happy to see a few of these freeloaders pelted with eggs by protesters - they richly deserve it.

well............ that will really make him angry.................... 

1 hour ago, disenfranchised said:

The reporter concerned told his Twitter followers that's exactly why it matters and where he would have been going if the scumbag hadn't run off.

anyone who bothers with twatter is by definition needs to get out more

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2 hours ago, dragging boot straps said:

Didn't see this posted yet. I know the bbc gets hammered on here but this is front page anti-meddling sentiment. 

Great that the boss of persimmon aborted the interview. Massive PR fail for him and the ill-fated help to buy. 

It's a national scandal and, in the fullness of time, will be treated as such. 

https://www.bbc.co.uk/news/av/business-45911792/persimmon-boss-refuses-to-answer-questions-about-75m-bonus

 

Edit: I see it now in the tory graph thread but perhaps worthy of own thread. 

Money for nothing and your bricks for free.

 

Edited by Lord D'arcy Pew

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Are Persimmon Tory party donors too? (would be very very surprised if they're not). How do you find out the donor lists to political parties?

Edited by deadlyavenger
rubbish, grammar. and punctuation,.

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From The Independent:

Persimmon boss Jeff Fairburn has heated up scandal over his £75m bonus by walking offscreen during an interview

 

In failing to prepare for a question about the biggest story concerning Persimmon for the last year, Fairburn and his advisers displayed shocking naivete 

 

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The Guardian:

The Persimmon CEO, Jeff Fairburn, walked off camera during a BBC interview after being asked about his £75m bonus. At the time the bonus, reduced from £110m after a shareholder revolt, was thought to be the biggest ever awarded at a listed company. When asked by Spencer Stokes for BBC Look North whether there were any lessons to be learned from the furore surrounding the bonus, Fairburn said it was 'unfortunate' he had been asked about the payout before walking away

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1 hour ago, zugzwang said:

Great ammunition for the Labour Party. B)

Hopefully, they can keep a spotlight on this shameless trougher all the way up to the GE.

Why?

It was Labour supporting Help to Buy in their manifesto that gave the Tories the excuse to extend it themselves.

Quote

 

The Labour Party has pledged to maintain the Help to Buy equity loan scheme until 2027 if it gets elected next month.

The Labour manifesto reads: “We will guarantee Help to Buy funding until 2027 to give long-term certainty to both first-time buyers and the housebuilding industry.”

https://www.mortgageintroducer.com/labour-guarantees-help-buy-2027/

 

Help to Buy was based on a Labour scheme called Homebuy Direct!!

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 “We will guarantee Help to Buy funding until 2027 to give long-term certainty to both first-time buyers and the housebuilding industry.”

 

what a diseased dump this place has turned into. 

The house building industry already own the land  no government help needed. they don`t cost anymore to build than they did 10 years ago. 

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7 hours ago, disenfranchised said:

I'd be quite happy to see a few of these freeloaders pelted with eggs by protesters - they richly deserve it.

I can think of more appropriate objects to pelt them with than eggs.

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3 hours ago, zugzwang said:

Great ammunition for the Labour Party. B)

Hopefully, they can keep a spotlight on this shameless trougher all the way up to the GE.

Yep, then Corbyn can complete the circle with a wealth tax levied on mansions. Just like help to buy, create a vested interest in house price inflation and keep the voting idiots happy.

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Well...fair play to the BBC's Spencer Stokes for poking the bear pit. B)

I wouldn't trust Labour to sort out the housing crisis. They had 13 years to keep house prices under control but utterly failed.

Shame.

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  • 144 Brexit, House prices and Summer 2020

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