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.