Sign In
New User? Sign Up
otmushrooms · Unpaid Mushrooms
? Already a member? Sign in to Yahoo!7

Yahoo!7 Groups Tips

Did you know...
You can add links to your Web sites related to your group.

Messages

  Messages Help
Advanced
Robert Whitton and National Express   Message List  
Reply | Forward Message #353 of 578 |
I did a bit of checking up, and it seems that Robert Whitton has
really left Deloittes.

In relation to the National Express administration, he has resigned
as an administrator of NX, and Peter Yates (of all people) has taken
over as the 2nd administrator (alongside Simon Wallace-Smith, the
other original Administrator).

*****

In a few minutes the NX Deed PROPOSAL (not the actual Deed) will be
put on the (public) list, under the UNOFFICIAL section (because it's
not the actual Deed).

The actual Deed was executed a couple of weeks ago, but it's not
freely available (... business as usual).

The Deed (proposal) is quite an eye-opener.
1. Employees are not even a part of the Deed, because the State
Government unconditionally paid them out (yes, Peter Batchelor, the
Minister of Transport, being generous).
2. The State Government won't recover anything from the Deed.
3. No mention of the Performance Guarantees that the Government is
holding (as a security against default - which is exactly what's
happened). The Government is taking a hard line about keeping that
money (about $80m?)

*****

National Express (NX) is the entity behind M>Tram and M>Train. It
appears that the National Express Bus company is unaffected.

Nick.




Wed Jul 23, 2003 11:16 am

nick4mony
Offline Offline

Forward
Message #353 of 578 |
Expand Messages Author Sort by Date

I did a bit of checking up, and it seems that Robert Whitton has really left Deloittes. In relation to the National Express administration, he has resigned as...
nick4mony
Offline
Jul 23, 2003
11:16 am

Copyright © 2009 Yahoo! Australia & NZ Pty Ltd. All rights reserved.
Privacy Policy - Terms of Service - Guidelines - Help