Natasha Whittam wrote:Sluffy, since day one you seem to have implied that company owners have no moral responsibility to their employees. Your argument seems to be that as long as they don't break the law they can do what they want.
Is that your thinking?
It's not my thinking - the law, not morals, is what companies and individuals work to and are judged upon in terms of legal requirements.
Some owners go above and beyond what is required of them, others keep just the right side of the law by doing just their statutory requirements.
Anderson seems to be an example of the latter.
Bolton Wanderers FC paid out more than it got in, year after year after year.
If Eddie Davis didn't choose to prop it up with his own wealth it would have fallen into Administration years ago.
Was he moralistic and benevolent to do such and altruistic thing as a person, or did he simply have sufficient wealth to do so as a hobby? Whatever the reason he had no legal requirement to do what he did - and his family are £200m less well off from him doing so.
Anderson didn't choose to do the same.
He's not committed any crime by doing so and probably 99.99% of those shouting for his head would also not put in their own personal wealth into the club knowing full well that they would lose it, and need to keep on feeding the beast until they bankrupt themselves.
I certainly wouldn't and would offer my professional advise to others not to do so either in such circumstances.
FV have taken over the club and have spent millions so far presumably with the intention to recoup it further down the line - the ten year plan we hear about I guess?
Anderson clearly did not have the personal wealth or inclination to do the same - and again why should he?
A great number of high street stores have shut down or closed branches in the last few years putting ten of thousands of people out of a job, should the owners of those companies put their hands into their pockets and spent their person wealth propping the stores up knowing the inevitability that particular business model of large multi store town centre shopping is no longer working and they will lose all they put in?
Do these owners not also have moral responsibilities to their staff and suppliers also?
People can't seem to grasp, or even want to try to understand that Anderson has no requirement either in law or morally to bankrupt himself to pay the wages of employees and suppliers to the company he owned - BWFC.
It's as simple as that.
Anybody who doesn't wish to accept that is simply in denial of the how businesses work.
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