The first was that sub postmasters had their fingers in the jar and if we could close those loops we could get more money for the shareholders, (they didn't it was fake news in the board room).
The second is no surprise, the board continued to accept that the horizon system was fit purpose and showed no interest in auditing it.
The public are still confused as to why the CEO was not more on top of the company. So much talk about establishing values and yet it manifestly was to undermind sub postmasters at every opportunity.
I can shed some light here the CEO is responsible for making more money for the shareholders they are not responsible for running a good company.
The shareholders are not interested in how the company will be in five years time they want immediate results.
Performance of the retail pol from a financial point of view looks on the surface quite good and that is a problem with numbers.
CEO from 20 to 12 to 2019 I previously what in the branch network and clearly like most people had a pet hit called sub fo sub PMs stealing. This was a bee in their bonnet but not one that was particularly true. The sledgehammer of an inadequate system reinforced the fake news in their head and when they became a CEO they pursued it with more vigour to the point that prosecution was perpetual.
As CEO I would've sat down with the SPMs and asked why. Why steal, were the wages not enough. I would've seen the faces and the clothes. I would've seen the lack of ostentatious jewellery and I would've joined their cause after hearing when it all started going wrong.
It would've been as clear as day these people were the victims and I needed as CEO to represent the shareholder better by taking a strong stance with my software team.
Hindsight is wonderful but this is how I managed businesses or situations when I'd been parachuted or promoted into a role.
The poverty of curiosity is what is so damning about the enquiry. The tragedy of our companies being run by people who want to viece the narrative of fake news reminds me of carrillon and all the others before.
I was never asked to be a nob exec as I turned things over and found stuff. Stuff the management needed to know as they were unexploded mines like the ones that killed the kids in Crail after the war.
Sometimes we choose to learn nothing but unexploded mines need tidying up. While significant members of the British public adored Diana for her work with mine victims or AIDS their values changed not a jot and that's so clear today.
A wonderful survey where love for Diana and the gender identity bills across the UK would undoubtedly have professors of logic confounded but I digress
Truth is we have been run by the money for a long time and since 1980 when the 7/84 gap seemed to be improving to now when the7/84 looks more like 1/99 we need to sit up.
Taxation us still not taught in school and it's certainly taught in the boardroom.
The minimum wage has become the maximum wage for many and those who were on double the minimum wage in 2009 find themselves only getting a rise because the minimum wage has caught them up.
The property owning classes have dwindled and now are split between those whose parent are underwriting the purchase and those who own the rest of our property.
The private rental sector is so large now and yet people suggest that not enough is done for landlords to be able to maximise their return.
Sorry, I need to stop you, supply and demand are dreams. It was buried in the 80's that supply and demand would meet our expectations only the rise in prices.
In achieving equilibrium it was always hoped that this system would arrive at better quality. It was the fundamental strength of the market that it would raise quality and standards.
No that's not what happened. What it means is our food rota in the fields as the labour required to pick it without European workers meant the wages required to pick it couldn't compete with food being brought over from elsewhere.
A tour of the 80's takes us back to the financial boon and the complete lack of competent people in London and elsewhere to be trained and have enough passion to want to do a job. See ny earlier note about how £600m went missing or the fraudster who stole a mere £600k over 10 years in the 90's. No suprise the executives involved in the missing £600m dodged jail but the sad wee gambler who was allowed to steal £600k got 4 years.
In both cases wages offered in the city tried to force up the supply of competent labour. All it did was force up the supply of labour. Lots of stupid people in roles they had no training for.
And now we have a CEO being cross examined in an enquiry telling us that they were a good and competent CEO.
Fake news and self belief, managing a room not a business. That's what we have successfully bred in this country. Parties for the few and jail for the rest.
As I look out to the July 4th election I'd like to hear some truth but it'll be drowned out. If like to hear about trials of SNP leaders but I suspect on July 5th we will hear the PF say there is no case to answer and actually it was all a ruse to try and bust the bubble of seeking a return to Europe.
I think that means the unexploded mines in my hometown are that joining Europe again can only be achieved through freeing ourselves from the separatist UK nonsense by voting nationalist. How bizarre Is that.
I believe strongly in Europe as they represent the only global village prepared to offer democracy and some protection again the multinational control of the tech companies. These tech companies don't even have effective shareholders, they are all Caesars of their own empires.
Ok I've talked enough!
