Summary
THE removal of Alliance Boots from the official list, the first FTSE 100 company to fall to the private equity locusts, is a sordid affair.
So intent was deputy chairman Stefano Pessina and his accomplices Kohlberg Kravis Roberts on seizing their prize and so eager was the board to accept the Pounds 11bn offer that they chose to ignore the impact on Boots pensioners. Yet treatment of future and present retirees, the people who have given loyal service to the company over the decades, should have been a priority.See the full content of this document
Extract
A Wretched End for Boots
We saw a generation ago - at the Mirror Group and more recently with the 100,000 workers left high and dry when their employers went into wind-up - the potential human suffering when pension arrangements ar...
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