RAF contribution to Defence - maximising return on public investment
I don't often go on the RAF website, but have just noticed this as one of the 3 elements that make up the RAF's contribution to Defence's vision. Really? Seriously?
Looks like Wyler's comments were more accurate than any of us might wish. What next, shareholder meetings, a stock market listing, CAS fired for failing to generate a return on capital employed in excess of 10%? And I only pick that specific number as the city maverick Terry Smith describes any company with a return of less than 10% as destroying investor value. If it's listed as part of the RAF's contribution to defence of the nation then do we need to start measuring it?
I'm very much for financial responsibility and abhor waste and frivolous spending, but when a fighting force lists maximising return on investments as a primary element of how it delivers security to the nation, something is very very wrong in the conceptual component.