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Ex-BHS boss told to get off his yacht and sort BHS crisis

Published: 18 August 2016
Sir Philip Green has reportedly been "urged to stop swanning about on his yacht" and fly back to the UK to sort out the BHS pension deficit as he told MPs he would.
Ex-BHS boss told to get off his yacht and sort BHS crisis
According to Sky News, Sir Philip has taken no action to sort out the huge pension deficit at BHS despite assuring MPs he would during the recent inquiry into BHS' collapse. It is understood the tycoon is currently holidaying on his £100m super yacht around the Greek islands.

Co-chairman of the BHS inquiry committee Iain Wright told the news outlet that they were facing "a frustratingly slow delay" for a "deal-maker" who could "buy and sell companies in a matter of days."

There have reportedly been calls for the tycoon to be stripped of his knighthood due to his role in the failure of BHS. Ex-store manager Lin Macmillan pitched the idea that he should sell one of his yachts in order to bail out the pension fund.

BHS' collapse back in April has affected 11,000 jobs and 22,000 pensions. High streets up and down the country - including, most recently, Oxford Street in London - have been transformed as the 163 stores nationwide began closing down for good.

The deadline for all BHS store closures was recently extended to August 28.

Comments

18 August 2016 01:02:00
By BQ bob
Green is no difference to all the other fatcat ceo's. B&Q, tesco, boots,etc all these ceo's have seen their and their directors earnings soar while dreaming up new ways to cut their lowest paid workers pay packets. I lost my bonus my Sunday pay, my bank holiday pay, my location allowance totaling 2400 out of an wage of 12000, but my fatcat Ceo gets an increase and earns more in a day than I do in a year. All uk ceo's work without conscience caring only about how they can swell their own millionaire pay packets.
18 August 2016 01:01:00
By Gel
He really is an odious individual swanning around on one of his luxury yachts whilst his BHS employees are treated with disdain. Keep up the pressure Frank Field.

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