The Co-op scandal proves once again that the Left can't be trusted to run a whelk stall

Anyone wanting a preview of the likely consequences of a future Labour-led government need look no further than the forces destroying the Co-operative movement. The sudden resignation of Euan Sutherland, the former B&Q boss parachuted into the Co-op less than a year ago, reflects the clash of cultures between socialist dogma and commercial imperatives that has brought the mutual organisation to its knees. As chief executive, straight-talking Sutherland sought to impose free-market disciplines on the group, modernise the management hierarchy and — most importantly — save the wounded Co-operative Bank, with its 4.7 million customers, from the bankruptcy courts. Instead, he reached the bitter conclusion that the Co-op was ‘ungovernable’. He found himself facing down an organisation run by Left-wing committees more interested in pursuing a socialist, Labour-supporting agenda and engaging in political causes than in creating a solid business.

The poisoned culture was epitomised last year by the Co-op Bank’s former chairman, the Rev Paul Flowers, a Labour councillor in Bradford who was caught paying cash for drugs and using rent boys. He was assisted in his appallingly degenerate lifestyle by his £150,000 pay packet and misused expense account. Flowers had been able to rise to the very top of the Co-op despite having a long record of gross sexual misconduct, and possessing only the most limited of banking experience as a clerk at NatWest after leaving school...

http://www.dailymail.co.uk/debate/article-2578821/ALEX-BRUMMER-The-Co-op-scandal-proves-Left-trusted-run-whelk-stall.html

...for a second there Tess, I thought I was reading another post by BA!...

Forgive me.

Joy Division wrote:...for a second there Tess, I thought I was reading another post by BA!...

Forgive me.

Don't worry, I hold almost as much contempt for the Tory party. But you can't argue with the facts here JD - I've seen it in action having worked for a local authority many years back. They may have the best of intentions but when it comes to business they just can't cut it. And life's harsh, you have to instil some reality into it whether it goes against your inclination or not; otherwise everyone goes under.

If you mean some companies have compassion for others which can conflict with being solely in it for the money and stepping on everyone and everything to make money I agree, I am perhaps ever the optimist and hope there is a happy medium somewhere were businesses look after staff, customers, others and still make money..

heaven forbid companies get like the gas and electric people, announce billions of profits, put up prices all the time and cut workers to make even more profit..

Tess. wrote:

Joy Division wrote:...for a second there Tess, I thought I was reading another post by BA!...

Forgive me.

Don't worry, I hold almost as much contempt for the Tory party.  But you can't argue with the facts here JD - I've seen it in action having worked for a local authority many years back.  They may have the best of intentions but when it comes to business they just can't cut it.  And life's harsh, you have to instil some reality into it whether it goes against your inclination or not; otherwise everyone goes under.

..indeed Tess, of course there have been Labour scandals and a hash made of things when Labour where in office, and I remember just recently the cash for drugs scandal business if the Ex Co-op chairman, I saw it on the news before but never took that much notice as I knew someone else would fill his shoes...

But as you acknowledge, the Conservatives are anything but squeaky clean, what with cash for questions, Lord Ashcroft who financed huge drug deals, Loan Fox showing his special friend around MOD offices as well as taking him on holiday, but it's worrying so many are prepared to place their trust in UKIL Tess, that is very worrying...

Having never governed before, and scandals BEFORE they even get an MP elected in the HOC...


But I'll never pretend that Labour haven't made mistakes Tess, but I would and do trust them above all the other main parties , as you said Tess...at least their intentions are good , as well as their governing on things like health and education, and looking after the poor better.

The whole problem with this man is that the Co-op has never been, nor wants to be, big business. It is there for it's members and it's customers and now he has gone, which most of them are highly thankful for, it can get back to doing what it does best.

As for the trouble it has had showing up what would happen if the Labour Party got it, does that mean the total world fuck up that the Financial Sector made showed what we were in for if we had had a completely Tory government?

Sassy wrote:The whole problem with this man is that the Co-op has never been, nor wants to be, big business.   It is there for it's members and it's customers and now he has gone, which most of them are highly thankful for, it can get back to doing what it does best.

As for the trouble it has had showing up what would happen if the Labour Party got it, does that mean the total world fuck up that the Financial Sector made showed what we were in for if we had had a completely Tory government?

It may not want to be 'big business' Sassy, but neither does it want to go bankrupt. You really think that now this troubleshooter's left in despair that it will be okay? Time will tell.

It certainly will, we'll just have to watch and wait. There was no way it was ever going to happen with him though, especially with what he thought was ok as a salary, and the real reason he left was because the members found out about it. They'd have lynched him if they could.

Tess. wrote:Anyone wanting a preview of the likely consequences of a future Labour-led government need look no further than the forces destroying the Co-operative movement.  

" Pointless, irrelevant and un referenced shite..."

The poisoned culture was epitomised last year by the Co-op Bank’s former chairman, the Rev Paul Flowers, a Labour councillor in Bradford who was caught ...

"Typical boring DM blah, blah, blah..."

http://www.dailymail.co.uk/debate/article-2578821/ALEX-BRUMMER-The-Co-op-scandal-proves-Left-trusted-run-whelk-stall.html

  

ANOTHER day without an original thought...

SO Tess turn's to the "Daily Fail" for it's usual boring Fascist "blah, blah, blah's" !
Shades of big Andy's and Drinky's SOP's..   

Godisgoodallthetime wrote:If you mean some companies have compassion for others which can conflict with being solely in it for the money and stepping on everyone and everything to make money I agree, I am perhaps ever the optimist and hope there is a happy medium somewhere were businesses look after staff, customers, others and still make money..

heaven forbid companies get like the gas and electric people, announce billions of profits, put up prices all the time and cut workers to make even more profit..

There is a happy medium, or at least companies that are trying to find it; one of my friends runs one. There's actually a whole new movement emerging from the idea.

Lone Wolf wrote:

Tess. wrote:Anyone wanting a preview of the likely consequences of a future Labour-led government need look no further than the forces destroying the Co-operative movement.  

" Pointless, irrelevant and un referenced shite..."

The poisoned culture was epitomised last year by the Co-op Bank’s former chairman, the Rev Paul Flowers, a Labour councillor in Bradford who was caught ...

"Typical boring DM blah, blah, blah..."

http://www.dailymail.co.uk/debate/article-2578821/ALEX-BRUMMER-The-Co-op-scandal-proves-Left-trusted-run-whelk-stall.html

  

ANOTHER day without an original thought...

SO Tess turn's to the "Daily Fail" for it's usual boring Fascist "blah, blah, blah's" !
Shades of big Andy's and Drinky's SOP's..     

ANOTHER pointless dumb reply from the Lonely Poodle. No arguments, no debate, just the usual abusive remarks at the poster.....    If it had a brain it'd be dangerous.

Ben_Reilly wrote:

Godisgoodallthetime wrote:If you mean some companies have compassion for others which can conflict with being solely in it for the money and stepping on everyone and everything to make money I agree, I am perhaps ever the optimist and hope there is a happy medium somewhere were businesses look after staff, customers, others and still make money..

heaven forbid companies get like the gas and electric people, announce billions of profits, put up prices all the time and cut workers to make even more profit..

There is a happy medium, or at least companies that are trying to find it; one of my friends runs one. There's actually a whole new movement emerging from the idea.

amen..about time too..

Woah I'm behind... when did the attempted Lloyds takeover fall through?

lovedust wrote:
Woah I'm behind... when did the attempted Lloyds takeover fall through?

That was a wee while back LD, sometime last year, I remember it on the news

April last year I think.

Sassy wrote:April last year I think.

Sounds about right sassy

The Problems with the Co-op bank had more to do with the Brittania takeover and what was on their loan book, PFI liabilities and the costs associated with the failed Lloyds aquisition of their 631 branches. That's what produced most of the black hole on their books.
They dabbled in a banking sector that was a million miles from anything that could remotely be described as LW ending up as victims of much the same thing that happened to most of the other banks here and abroad.

Absolutely spot on. What they need to do now (and what the man that resigned was trying to stop them doing) is concentrate on what they are good at, working for their members and the public that uses them.

Tess. wrote:................................

ANOTHER pointless dumb reply from the Tess_the_Dog : I have No arguments, No genuine debate, just the usual abusive remarks at other posters.....  Why am I such a dumbfuck ?      
If I had a brain it'd be dangerous.

 

I now know why he chose Lone Wolf as a moniker Tess. He really doesn't like the ladies according to sassy it's me who is supposed to be a mysoginist. I think Lone Wolf aka Bee aka Drongo holds that record given the abuse he issues to you and Eddie.