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Five former directors of MG Rover will get a further an £11m-plus payout from the wreckage of the firm, according to reports.

The payment - from the winding up of MGR Capital, a car finance operation kept separate from the rest of the group - takes the total amount John Towers, Nick Stephenson, John Edwards, Peter Beale and Kevin Howe took from the company to £42m.

Towers, Stephenson, Edwards and Beale, known as the Phoenix Four, are expected to get about £2.5m each from their lat...Read the full article

Dove sono le Brigate Rosse quando abbiamo bisogno di loro?

Anyone know which Alfa or Fiat has the biggest boot these days?

 

" ... Richard Burden, the MP for Birmingham Northfield who has led a campaign for compensation for the workers, said the Phoenix executives had a “moral obligation” to put their latest payouts into the fund."

To have a moral obligation you have to first have morals!.

The Phoney four gang raped the company, got what they wanted from it financially and then tossed it aside, not giving a c**p about the people who's lives they had destroyed.

Now they are laughing all the way to the bank again with yet more ill gotten gains.

As for putting their latest payout "into the fund", well I'm sure it will be going into a fund, but only for their own benefit.

I'm sure you'll find Hitler, Ghenghis Khan and Attila the Hun had more morals between them than the Phoney four! ( and no, I'm not a disgruntled ex Rover worker, nor are any of My family).

If the Fab Four had shown the same talent for making cars as they have for lining their own pockets they'd have been unstoppable!

Totally disgraceful.  I can't help but feel sorry for the workers who gave so much and ended up with nothing.  Shameful.

Soshko:

If the Fab Four had shown the same talent for making cars as they have for lining their own pockets they'd have been unstoppable!

by that reckoning any self-regarding company should have a British MP and/or British banker on its Board. they do? maybe that's why not only Rover but UK plc is f**ked.