BHS is facing liquidation, and thousands of employees face losing their jobs. Employees will also suffer a minimum 10% loss on pension payouts. "King of the Shops" Sir Philip Green, who owned BHS for 15 years, treated the company's finances with a recklessness and greed that led to the current crisis. Please demand that he be held responsible, legally and financially. Innocent employees shouldn't have to suffer for his wrongdoings.
His recent expenditure includes £400 million in dividends to his wife, and the purchase of a £100 million superyacht. His financial offers to employee pensions of £40 million are a pittance compared to his net wealth of £3.5 billion.
Despite current investigations by the Work and Pensions Committee and two MP groups, Sir Green's punishment may be limited to the stripping of his knighthood and making small financial contributions that still leave employees out of pocket. Once again, one of the wealthiest members of our society has made extreme profits from normal people, and expects to avoid consequences for his misconduct.
Join us in standing up for employees whose finances and hard work have once again been wrung dry to further fill the pockets of the rich. We want Sir Philip Green held to full account by the Pensions Committee - with significant financial reparations made to staff.
Photo credit: FinancialTimes
