Wednesday, July 02, 2008

Another one bites the dust

Again politicians continue to baffle me.
And how remarkebly different politics and business run - I mean they are different.

M&S has just announced it is feeling the credit squeeze in its food section and the CEO has issued a profit warning - predictions are also rife that other retailers will do the same.
And the reaction has been instant following the profit warning announcement - the head of its food business has been immeadiately ousted. (I thought it was the credit crunch? Surely that should have been his defence to save his job). He had just been on the job for almost a year - was it the wrong time for him to leave Waitrose?

Then I go to read that Parliament has passed a vote of no confidence on Kimunya. The man is so desparate that he is still protesting his innocence. For an accountant he should have known better - an auditor should not only state he is independent, it is important that he/she is seen to be independent. Again I have no idea what the facts of the Grand Regency Hotel saga are. All I know the man should have known better now his reputation (does he really care?) is in tatters. This are the men I used to read about and think accounting as a career was surely promising. The problem is one builds a career I don't know what gets in his head he decides to get into politics... what I try to outwit other seasoned politicians like Orengo, Raila and company You must be mad!

Moral of the story - Avoid politics (Ask Gordon Brown!)

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