Wednesday, 21 November 2007

Erinaceous sacks two executives

Property services group Erinaceous has sacked two of its executives, Neil Bellis and Lucy Cummings, after pressure from hedge fund Fursa which has a 19 per cent stake in the group. Erinaceous has issued profit warnings and breached its banking covenants in recent times. The two executives have been paid 'golden goodbyes' of over £400,000 each.

What is this 'golden goodbyes' bullshit? When I left Shaman Money Management all I got was a one-way ticket to Palookaville. Business people have got it too easy these days.