The Goose that laid the golden egg…Carillion The partners at Deloitte (the auditors) are receiving a £832k bonus because of their profits when they failed to spot the issue with Carillion.
The others, KPMG, Ernst & Young and PWC are not guilt free either.
The other day I met a homeless gentleman from Romania who lost his cleaning job at Carillion.
[embed]https://youtu.be/WiyL2oqCnV8[/embed]
Carillion is one of the major company failures of 2018. The UK government select committee suggested that the ex FD Zafar Khan was ‘asleep at the wheel’.
Despite warnings from new staff joining Carillion the directors ignored those warnings and they failed spectacularly. Seeing as they are a major supplier to the UK government, it makes you wonder how these massive organisations can get away with it.
This cartoon shows Zafar Khan asleep on one of those driving arcade games and on the screen there’s an actual chart showing their profit declines.
[embed]https://www.youtube.com/watch?v=OSbLS481Iew[/embed]