Poland and Polish Discussion Group and Forum

Welcome to the original English language Poland and Polish discussion group board. This message forum is a place where English-speaking Poles, foreigners (expats) living in Poland, and anyone with a genuine interest in Poland can discuss and read the views of others concerning Poland. Subjects include: Polish news and current affairs; Life in Poland; politics; genealogy research; Polish culture and history; advice and tips on visiting Poland; Polish property and investment issues. The aim of our group is to increase awareness of wonderful Poland using the English language and allow and foster the honest debate and exchange of opinions on anything vaguely related to Poland and Polish - positive, negative and/or neutral! To state the obvious: all opinions and views expressed on this site are solely those of their respective authors and are not necessarily those of anyone else! Messages consisting of ads will be deleted.

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Corruption UK style - Poles don't know how to milk the system yet

QinetiQ sale - Managers, consultants, private equity win - taxpayers lose

The controversial privatisation of the former Ministry of Defence defence research group QinetiQ has finally been completed after the Government sold its remaining 18.9pc, raising £254m for the taxpayer after costs.

The MoD said: "The Government always made it clear that ultimately it anticipated selling its entire financial stake in order to realise its financial investment and to achieve best value for money for the UK taxpayer. The decision to sell was based on specialist advice from a number of city institutions."

But the MoD will also be hoping that the sale draws a line under a highly contentious privatisation.

Britain first sold shares of QinetiQ in 2002, when US private equity firm Carlyle bought a 31pc stake for £42m and made more than a £300m profit when the UK company was floated four years later.

Later, the National Audit Office criticised an "excessive" share incentive scheme that netted QinetiQ's 10 most senior managers a total of £107.5m - a return of 19,990pc on their initial £540,000 investment in shares at the flotation.

Re: Corruption UK style - Poles don't know how to milk the system yet

Poles don't know how to milk the system yet

Re: Corruption UK style - Poles don't know how to milk the system yet

... and the National Audit Office has been whitewashing the govt's dirty work: their chief's had his snout in the trough for years