> Could any of our legal minded people tell me if it is illigal to
>willfully strip assests from a company with the sole purpose of
>letting the said company decay to the point it goes under, and as a
>result getting out of paying (out of their own pocket) redundancies??.
>For my money I would say that would be a direct breach of company law
>and Corrigan and Reith (who masterminded it) should be held fully
>acountable!!
>
>PS. Contray to popular beleif the warfies wern't technicaly sacked,
>just the company that employed them ceased to exist and as a result
>the contract for stevidoring went to the NFF's P&C Stervidoring
>company!
corrigan isn't a manager's arsehole. He was a merchant banker who
specialised in taking over companies and then stripping them of all
their assets. This is what he did to Patrick. The employees employment
was moved from Patrick into 3 other companies - without their knowledge.
corrigan then removed $68,000,000 from these companies, causing their
collapse. He should be jailed along with reith.