* Posts by Ex-BenhamBoy

3 publicly visible posts • joined 30 Jan 2013

Administrator: 2e2 owed £412m to creditors when it went titsup

Ex-BenhamBoy
FAIL

FTI Consulting

Hardly surprising that FTI Consulting only realised £32M for the sale of 2e2.

On day one they went straight in with the boot and destroyed parts of the company that were profitable and had some value. What was left was so damaged and incomplete it had to be virtually given away.

The senior management (???) brought about this collapse and they should be investigated to the fullest extent.

Stricken 2e2 threatens data centres: Your money or your lights

Ex-BenhamBoy
WTF?

What a state

Seems to me FTI Insulting are in a worse state that 2e2 were!

With no money left and saying they'll not be liable for any costs in any way why not take the money, turn the lights off and draw a line under it all? Probably the biggest Administration cock up ever!

Vultures circle crash-landed UK giant 2e2 after top brass axed

Ex-BenhamBoy
Thumb Down

Redundancy certainly not - more like instant dismissal.

No Notice period

No January salary

No Redundancy

No payment for expenses incurred

Employment Contract T&C's not honoured

No 'garden leave' or grace period for cars, phones IT equipment, etc. No use of facilities.

Not even a letter - just a mass conference call which kept cutting out thus losing much of it.

(The presenter had to cut it short with questions still outstanding due to 'another appointment'.)

What a way to end decades of loyal service!