Comments on: The “Cadbury Law” is bad http://dofonline.co.uk/blogs/the-edge/business/cadbury-law-5582144/ Richard Northedge takes on corporate finance Thu, 17 May 2012 04:27:49 +0000 http://wordpress.org/?v=2.5.1 By: Dick Taylor http://dofonline.co.uk/blogs/the-edge/business/cadbury-law-5582144/#comment-15943 Dick Taylor Tue, 13 Apr 2010 17:57:06 +0000 http://dofonline.co.uk/blogs/the-edge/?p=499#comment-15943 Are you aware that Rolls Royce paid millions of Dollars a year in secret corruption and slush funds to help sell their aero engines to airlines that will be "advised" (or forced!) by those receiving the secret slush funds. Just one example is that Tommy Suharto (son of the ex-Indonesian president) was given about 20 million dollars and a new blue Rolls Royce car by Rolls Royce (before he was jailed for murder!) to force the Indonesian airline Garuda to take the R-R Trent 700 engine on the A330 aircraft they were buying. They got a really bad commercial deal and the follow-on warranty and support was probably the worst any operator had ever had. When Tommy was jailed, Rolls then paid his millionaire friend, Soetikno about 1 million dollars a year! This was supported by the Rolls exec in Indonesia (Dr Mike Gray) because Mike was given "personal benefit" by Soetikno to keep the contract going. Mike even used RR staff to support the bar girl he was "knocking off" when his wife was away. Dick Taylor. (ex Rolls-Royce Chief Service Rep) Are you aware that Rolls Royce paid millions of Dollars a year in secret corruption and slush funds to help sell their aero engines to airlines that will be “advised” (or forced!) by those receiving the secret slush funds.
Just one example is that Tommy Suharto (son of the ex-Indonesian president) was given about 20 million dollars and a new blue Rolls Royce car by Rolls Royce (before he was jailed for murder!) to force the Indonesian airline Garuda to take the R-R Trent 700 engine on the A330 aircraft they were buying. They got a really bad commercial deal and the follow-on warranty and support was probably the worst any operator had ever had. When Tommy was jailed, Rolls then paid his millionaire friend, Soetikno about 1 million dollars a year! This was supported by the Rolls exec in Indonesia (Dr Mike Gray) because Mike was given “personal benefit” by Soetikno to keep the contract going. Mike even used RR staff to support the bar girl he was “knocking off” when his wife was away.

Dick Taylor. (ex Rolls-Royce Chief Service Rep)

]]> By: Tougher takeover proposals pilloried in the City « City News, Finance News, Banking News, City Jobs, Finance Jobs, Banking Jobs, City Humour http://dofonline.co.uk/blogs/the-edge/business/cadbury-law-5582144/#comment-15935 Tougher takeover proposals pilloried in the City « City News, Finance News, Banking News, City Jobs, Finance Jobs, Banking Jobs, City Humour Tue, 13 Apr 2010 10:36:06 +0000 http://dofonline.co.uk/blogs/the-edge/?p=499#comment-15935 [...] according to one observer they wouldn’t work anyway. DOF: The one company Labour’s proposed “Cadbury Law” would not have protected was [...] [...] according to one observer they wouldn’t work anyway. DOF: The one company Labour’s proposed “Cadbury Law” would not have protected was [...]

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