Sir Fred the Shred recently spent £3.5m on a new dwelling in Edinburgh. Now Tony Hayward spends £1.3m on his Andalucia Villa + renovation and furnishing becoming a neighbor of mine - Well say 100+ kms
RBS shareholders (5 year graph) have been robbed of their income (dividends) by Sir Fred Goodwin running of the Bank RBS
BP shareholders (1 years graph) have been robbed of their income (dividends) by Tony Hayward´s incompetence, for the blame does stop at the top. Shareholders were assured that dividends could be paid as well as covering the oil spill costs (Was this a Porkie Pie - Cockney for lie?) Meanwhile he continues to draw a substancial salary and presumably will receive a handsome golden handshake if his servicees are terminated after his legacy is cleaned up in the Gulf of Mexico as rumored in the press
David Cameron Britain´s PM is looking for up to 40% savings. Yes he should protect BP from Obama´s onslaught but what does he have to say about Tony Hayward? From an article in the Olive Press in Spain published prior to the exclusive News of the World article published today. I understand from the artilce in the Olive Press that the villa was purchased in his wife´s name, for obvious reasons I would comment!
The new government in Britain want to charge shareholders a 40% capital gains tax on profits. Funny this figure crops up again I wonder why? I have mentioned the loss of dividends but not the loss of capital. If you tax 40% of the profits you must pay 40% of the loss. The tax has to be paid in cash so should the loss I respectfully submit - not a tax credit.
What is you opinion? Please leave below
Read the News of the World Article
Maybe someone will twitter a house warming party to which all BP shareholders will be welcome!
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