Friday, December 23, 2016
They say a week is a long time in politics – in which case six months locked out of Whitehall could seem like an eternity. That will certainly be the case for Deloitte, the accountancy giant which is used to taking vast streams of income from the Government, but which this week had to accept a half-year ban on getting new contracts. After all, this is a group that has survived toxic ties to Sir Fred Goodwin, the MG Rover scandal and even a lawsuit over its audit of a bank that funnelled money to drug barons and Hezbollah. It may irk David Sproul, the £2.8million a year boss of Deloitte – but will it really harm the firm? How Deloitte squeezes millions out of Government: City's most rapacious accountancy firm is banned from Westminster for toxic Brexit memo
IT should now be clear that the ‘smartest and greediest guys in the room’ at Macquarie Bank unveiled an early Christmas turkey eight days ago.
At the risk of mixing metaphors, any Tatts Group shareholders silly enough to try ‘eating’ it would, further, discover they were chewing on plastic — of, incidentally, biased George Bush myth not reality, by the bye.
In plain terms, they were just too greedy and smart-arse to the point of announcing they were trying to ‘double-dud’ Tatts holders. That’s to say, MacBank & Co were trying to dud Tatts holders of considerable value by slipping them a dud deal that couldn’t really fly. Even a Macquarie Bank turkey won’t fly