three years down the line the fund was looking just as bad as it is now.
Do we know for definite that it really looks so bad right now? I don't think so.
Mr.Barron doesn't want the company to continue paying into pension scheme even at the reduced level the company does now.
He is unwilling to support the continuance of what is an excellent scheme, not becasue it's impossible for the comapany to do so, but because it has an impact on PROFIT and the future saleability of the company.
When directly questioned "why the company had quietly become a profit making company, rather than a not for profit service", Mr. Barron replied "
that's not what I signed up for
" . That is a direct quote.
If the company were to operate on a "not for profit" basis, and the government weren't looking to offload the remainder of the company for the biggest amount, then the company finances would look considerably different.
BEX