How Much Will Major Pocket From QinetiQ?
John Major has good reason to smile, the Tories are resurgent with an agreeable leader and his part-time job at the Carlyle Group is rewarding. So how much will he make from the forthcoming privatisation of Qinetic?It will reap his firm (he is the chairman of Carlyle Europe) a £330 million return on an investment of £42 million.
Carlyle always rewards its people very well and this will reap him a seven-figure bung. Labour really doesn't do these privatisations very well, it has excluded private investors from applying directly for shares. Not exactly popular capitalism, but an 800% return for foreign investors in three years. Is this the wealth redistribution Gordon Brown is always telling us about?
UPDATE: Tin-hat paranoia time, post goes up 10.48, within half an hour they come and stare at the blog for 8 minutes. They make death rays! You know what they did to David Kelly! Help!
4 comments:
Don't go for a walk in the woods.
the national audit office is on the case:
http://news.bbc.co.uk/1/hi/business/4651440.stm
Don't open your door in case it's an Edwinagram.
This is one of the biggest scandals of the past decade. Oh and terrorists have been elected to power in Palestine. That tricky little part of the world.
So then, what story shall we put on the front page? Oh yeah, unmarried man, 54, never seen with woman, member of wishy washy party is gay. Yeah, that's a good story.
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