This is also from the Eye for the 20th April – 3rd of May 2012.
G4S, which earns most of its money from the taxpayer, has docked its chief executive Nick Buckle’s bonus over a messed-up bid to take over a Danish cleaning company that cost his firm £55m last year. But never fear: he still get his basic £1.9m salary.
G4s will also still have plenty of cash to pay for the cock-up, plus Buckles’ inflated pay7, since it keeps winning major public service contracts here in the UK.
Last month the UK Border Agency awarded it “prime” contracts worth around £300m to run asylum transport and accommodation in two of the five national regions. In true Big Society fashion, G4S will itself outsource much of this work to local charities and companies (much as workfare schemes are farmed out by A4E).
Despite the extra layers of…
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