Top Qinetiq raider to retire with vast treasure chest

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Like the Russian Oligarchs? #

Posted Monday 9th February 2009 15:48 GMT

From the Walesepedia entry on 'Business Oligarch':

"well connected entrepreneurs who started from nearly nothing and got rich through participation in the market via connections to the corrupt, but democratically elected, government of Russia"

Amended for the present situation:

"well connected entrepreneurs who started from nearly nothing and got rich through participation in the market via connections to the corrupt, but democratically elected, government of The United Kingdom"

Anonymous Coward

it stinks #

Posted Monday 9th February 2009 15:50 GMT

Selling out to the secretive Carlyle group is worse even than the creaming off of millions of UK taxpayers accrued investment.

For instance, the revolutionary "Cambridge process" for the refining of Titanium, which would make it cheaper than Aluminium is patented by Qinetiq, but the American masters are stonewalling it, not allowing any licences to be granted, to keep their chums happy.

This is just one area I know about, god knows what else they're up to.

Didn't Bliar get some Carlyle shares?

Anonymous Coward

took us for a ride #

Posted Monday 9th February 2009 20:59 GMT

We (the taxpayer) got stiffed somehing rotten. After the First World War, businesses were had up for profiteering. SInce war equipment is QinietiQ's business, and we've been involved in one or two wars recently, we could do with that law again.

A nice well-reported trial with a conviction would do wonders for British morale in these times and prove that white collar crime can be unprofitable.

bazza

Should have seen it coming #

Posted Monday 9th February 2009 20:59 GMT

The problem for the politicians is that having brought some one in from industry they then look rather silly if they disagree with their business savy recruit.

So when that 'business savy recruit' recommends selling off the government organisation they're running, and says 'It's best done this way, old boy', your naive politician can't say no without looking daft.

It's amazing that the politicians haven't caught on yet, though of course they don't have to look any further than five years in to the future. Public-Private-Parthnership suffers exactly the same problem.

Anonymous Coward

Milk and Sobbing #

Posted Tuesday 10th February 2009 00:59 GMT

Still crying over Qinetiq Lewis? Still a Chisolm rumour is a good enough reason to dust off the old sell off rant I guess.

Word on the grapevine on the big traiing PFI is not sounding positive. I hear the MOD are looking to retreat from a deal that increasingly doesn't seem to offer anything anyone wants.

For the AC asking about Blair and Carlyle Group shares, I don't think he did, but John Major ran the UK arm of Carlyle if that helps.

James