Originally Posted by
JSCL
This.
I wonder how many pension funds are going to see dividends this time round for easy? The picture is much bigger than just Stelios. On the face of course it doesn't look great, but the board and the Government will know all too well the wider damages that could be caused by blocking that dividend payout.
I pretty much thing Capitalism as practised in US/UK is dead. Private Equity where they buy a business and add on millions in debt before flipping it off to another private equity house is gone. There will be zero liquidity and cash available. It will not be such a bad thing that the spivs and traders who bought and sold businesses including shutting them down so they can make money and screw the people in them will be gone.
Iti is noticeable how the "unsexy businesses" that produce food have all of a sudden become very important i.e. Heroes and the sexy Advertising / Media / IT becomes irrelevant.