The collapse of the black hole: the key players and what is said about them

Sir Philip Green

“Systematically extracted hundreds of millions of pounds from the black hole, pays very little tax and fabulously enriching himself and his family, is leaving the company Pension Fund has been weakened to the inevitable collapse of both.”

“Little evidence to support the reputation for retail business acumen for which he received a knighthood.”

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Lady Tina green: are still paying tens of millions of pounds in tax-free loans. Photo: Mike Marsland/WireImage

Lady Tina Green

“Still paying tens of millions of pounds of tax-free payments on the loan, which was designed to sell BHS and green one family business to another, and will be in a few years.”

The reputation of sir Philip green’s broken in damning report about the death of BH

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Lord Grabiner: ‘the content to provide visibility to the establishment of the trust, happily leaving key decisions. Photo: Oli Scarff/Getty Images

Lord Grabiner

“[It] complacent view as a non-Executive Chairman of the group Board Taveta [company Green family that owned BH] represents the apogee of poor corporate governance. In this position, he was to provide and independent oversight. Instead, he was content to provide visibility to building trust in the group And happily stepping down of the key decisions he had to consider. For this deplorable performance, he received a considerable salary.”

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Dominic Chappell: ‘at ease’. Photo: PA

Dominic Chappell

“He has his hands in the till”.

“[He] was out of his depth. It was overly optimistic to the point of arrogance”.

“Chappell took the responsibility for [the pension scheme BH with] with negligent disregard of the risks and potential consequences. This negligence continued to [him] incompetent and selfish. Should sir Philip came to an agreement with the pensions regulator, the Directors of RAL shall not escape regulatory investigation.”

“His description of the £2.6 m that he personally took, in addition to the outstanding £family a loan of 1.5 m, as a drop in the ocean’ is an insult to the employees and pensioners of the black hole [that] he failed”.

Grant Thornton and Olswang, consultants for retail acquisitions

“As everyone knows, the manifold weaknesses of Retail acquisitions as buyers of BH. They nevertheless continued to receive generous fees and lend both their names and their reputations to the deal.”

Goldman Sachs, unpaid adviser Philip green and his group Taveta

“Should be either ” in ” or “out” in the Internet, and deliberately so. As it was they had power without responsibility.”

If sir Philip green pays in full, then, perhaps, he can keep it Gong

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Coopers (PwC), auditor at BH property in Greene

“We were surprised that the PwC is not more deeply the question of whether BH actually sold in the foreseeable future.”

MEPs also called on the accounting watchdog the financial reporting Council in order to complete its investigation into PwC’s role “as soon as possible” and include the work of PwC in previous years and the accounts of other group companies Taveta.

The Pensions Regulator

“Reactive and can be slow”, and could “showed more urgency” in assessing attempts to restructure the pension scheme black hole.

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Soon, next to BHS store in wood green, London. Photo: Dinendra Haria/Rex/Shutterstock In

Director of retail acquisitions Dominic Csepel (RAL) of the vehicle

“Council members operated the BH for their own benefit, and Dominic Chappell was the worst. Their plans included removing profitable assets from BHS and placing them directly in the ownership of RAL and the black hole requiring the use of centralized services, such as advice on real estate provided by RAL. The suspicions of the heads of BH that RAHL was more intent on taking money from business than the investment in it was justified, as evidenced by the £11m charged by RAL in BH in the form of wages and commissions.

“Stephen Bourne and mark Tasker jumped off the ship that day, when RAHL acquired the business with personal financial gain that will take a lot of BH employees decades to earn. The rest, Eddie Parladorio, Lennart Henningson, Kate Smith, and Aidan Tracey, still a good profit from their position without performing their required duties”