Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Steve305 which bit did you like best the management with their head up their a#se or the doffing of the forelock. You seem very easily pleased I'll try and think of some more fun posts to get you laughing. ATB
"At the end of the coming recession you will be grateful you still have a job, unless, of course, you have decided to commit hari kari in the interim."
Not that old chestnut you'll behaving the staff doff their cap and pull on their forelock next. Why are people on this board moaning about the sp going down and pretending not to know why. It's because there is industrial action taking place and BT management have decided to put their heads up their a#se and ignore it. If you want the sp to rise then the pay claim needs to be sorted.
The union need to get smart with this action. Set up a fund and remove key staff from their positions indefinitely and pay them from the fund. Everybody puts 50 quid a month into the fund and works to rule. The public will then know there is a strike.
When I was on strike back in the day we did it for a couple of weeks which worked reasonably well but took a few months to get back the money lost. However the long term effect for some... I believe were scabs was that for the rest of their working career they were at best ignored at worst abused. The only way to get the management to relent would be for an all out strike but the union would have to pay the workers a percentage of their wage to do that and I doubt they have the funds
Sale of shares by directors isn't so bad as they have living costs too and their s are going up as well as everyone else's. I'm sure the school fees will have jumped and the cost of crewing the yacht not to mention the rent on the flat in London. Cash is king in a dodgy market.
Nothing is completely secure, which explains why Governments require a level of control over their national Telecom providers. I'd be very surprised if the Government allowed BT to go into foreign ownership.
I think you underestimate the hacking capabilities of foreign powers. They don't need to own BT to get access to their data. They simply plant someone into the company or hack their way into the systems they want to know about. The government have no control over that and to think they have is naive. Stifling BT is simply making investment in the company much less attractive and making sure the leeches keep sucking the life out of it.
Don't get it. Why is knowing the royals or prime ministers phone number a security risk. You don't think Lizy will answer the call do you or Boris. And even if they do what's the problem. I bet they still get random calls about a car accident they've had but haven't. If BT are responsible for GB security god help us. The network is not secure and never has been
Well HMG did sell BT off with Maggie at the helm.. bless her but they stay in control of course via ofcom who fund themselves by fining BT every now and then and keep their friends at sky and talk talk sweet by kicking BT in the nuts if they try to compete. Most private companies can do as they please within the law but not BT. They have to dance to ofcom and in fact HMG s tune.
Don't see how BT is part of national security. It's an open network that is not secure with lots of intervention points. Why the government pretend they control it from a security angle is beyond me. They only control it from a financial perspective via ofcom and make a pretty poor job of that by stifling investment hence the low sp.