Goldman Sachs – After Philip Inexperienced’s demise, will the Metropolis ever study bandwagons? | Enterprise
The rotund tycoon barked orders at underlings from the deck of his yacht and flew around the globe on his non-public jet putting offers. Funding bankers from Goldman Sachs fawned over him. Accountants at PwC noticed their job as to be at his “beck and call”. The nice and the nice bestowed respectability on his boards. The warning indicators have been there — however the Metropolis advisers and administrators ignored them till a pensions scandal precipitated the collapse of his empire.
They are saying historical past rhymes and there’s greater than somewhat of the Robert Maxwell story within the demise of Sir Philip Inexperienced, whose Topshop proprietor Arcadia Group is due to enter administration.
After his comeback from the Amber Day debacle with the spectacular