MPs to scrutinise Sir Philip Green’s link with influential banker Michael Sherwood of Goldman Sachs

”Parliamentary committee investigating collapse of BHS will this week question Michael Sherwood of Goldman Sachs.

sherwood goldman sachs

Michael Sherwood has advised Sir Philip Green for more than a decade.

There is growing anger about the collapse of BHS because Green and other investors collected more than £580m in dividends, rental payments and interest during the tycoon’s period in charge. Retail Acquisitions also collected at least £17m from the retailer despite owning it for just 13 months.

MPs are investigating how the BHS’s pension scheme ended up heavily in deficit and why Green sold the company to Chappell.

The Goldman trio will be grilled on claims by Retail Acquisitions and its advisers that the bank acted as the “gatekeeper” for Green during the sale process.”
https://www.theguardian.com/business/2016/jun/26/mps-scrutinise-sir-philip-greens-bhs-link-banker-michael-sherwood

Advertisements
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.