If it’s too good to be true, it probably is! Auditors, Accountants, Bankers, Investors, Board Directors, Sunday Times Columnist. The list goes on. As a former financier and now an author can someone explain to me with all the 2018 sophisticated techniques, computer modelling how Common Sense fails. Before anyone smells a rat, a winding up petition is served by HMRC. The overdrafts had to be negotiated. Board resolutions passed, appointment of bankers forms negotiated, fees paid etc
I submit it’s greed by the fees being paid to the people who are living off the back of the fictional profits that no one has the “bottle” to say hang on a minute; this does make sense. As several people have said, common sense isn’t very common. So perhaps it is UNCOMMON SENSE that we need. Uncommoin sense says people should be seriously punished here for letting shareholders, stakeholders and employees down. Common sense says nothing much will happen.
Let me know your views here, please! Mr Negotiator