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Proceeding contribution from Anne Snelgrove (Labour) in the House of Commons on Tuesday, 7 November 2006. It occurred during Adjournment debate on Farepak.


Farepak

My right hon. Friend makes an excellent point, and I am about to turn to that issue. We must provide more than something under the tree or on the table for these folk; we should make every effort to ensure that they get justice. There has been a lot of talk in the House recently, in discussions on the Companies Bill, about corporate social responsibility. We should also be able to talk about corporate social irresponsibility. What Farepak did was immoral, but I am interested in whether it was also illegal. We do not have the stocks any more, but I wish publicly to name the Farepak directors. [Hon. Members: ““Hear, hear.””]. They were the finance director and company secretary Stevan Fowler, the independent non-executive directors Neil Gillis, Paul Munn and Michael Johns, the chief executive William Rollason—I understand that he is soon to appear in an Australian court, possibly on a not unrelated matter involving another company—the executive director Nicholas Gilodi-Johnson, who is set to inherit £70 million, and the chairman Sir Clive Thompson, formerly of Rentokil, who is a modern-day Scrooge. He bemoaned a 30p rise in the minimum wage when he was earning more that £2 million a year, he wound up the pension scheme at Rentokil for all but the executives and then walked off with a £690,000 a year pension. No doubt Sir Clive and the directors will be eating a very big turkey this Christmas and enjoying it.


Secondary information

Type
Proceeding contribution
Reference
451 c188WH 
Session
2005-06
Chamber / Committee
Westminster Hall
Subjects
Companies Closures Personal savings Farepak Halifax Bank of Scotland
Link
View this Proceeding contribution on www.publications.parliament.uk