In case you haven’t heard, MG Rover has collapsed with no hope of rescue. Now everyone is really annoyed. People want the government to bail it out. No! Face facts it’s a failed company. What good is it going to be if it gets bailed out? It’s clearly not going to work as a business; even BMW couldn’t make it work.
It’s being called a tragedy. I don’t think so. It’s not a sudden shock (due to the company’s history); it’s not a big scam like Enron. It’s just that the business couldn’t make any money and so it eventually went out of business. It has happened before – the government bailed it out previously before it took on the name Rover.
Also people have been attacking the Phoenix Group led by John Towers that took on the company after BMW decided to dump it. One person said he was "like the devil really." Erm? So yeah you would have liked to loose your job when BMW decided to dump the company right? Because that is what it sounds like to me.
Maybe the directors did take money out of the company – isn’t it there company to take the money out of anyway? But that’s beside the point, the company has failed, it would have done eventually anyway as only a few car manufacturers can survive so just let it drop, it’s over.
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This entry was posted on Friday, April 15th, 2005 at 5:45 pm and is filed under Life. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.