Reply to post: Re: RE: Carillion

Just can't catch a break, can ya, Capita? Shares tumble 40% amid yet another profit warning

PeterM42

Re: RE: Carillion

"My reading of the issues with Carillion was that it failed to deliver a number of large projects, largely for the public sector, on time and attempted to use debt to cover the period between expected payments and the actual payments."

No - the problem with Carillon was that the management were robbing the company and the pensions fund by paying themselves shedfulls of money for doing a crap job. The proof being that they went bust.

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