Don't you wish you could have worked there as a boss

Dolph said:
Perhaps, but it does not change the reason why Rover failed, which would have happened whether they'd had the money straight or not...

Don't take this the wrong way, I have no love for the phoenix five, but in no way did they destroy an otherwise solvent and good business, Rover had not been a strong business for a very long time.
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I don't dispute that Rover wasn't a healthy company, however I don't think it was terminal at the point when BMW sold it to PVH. I don't think BMW did either or they wouldn't have lent PVH nearly half a billion pounds, which presumably they lost when Rover went under. Be interesting to know what BMW management think about all this.

The thing is, bad businesses can be turned around, but only if the people running these business have the will (amongst plenty of other things) to do so. This case here seems to be that PVH viewed Rover as an ageing cash cow, desperate to suck the last few remaining drops of milk before she falls over and dies.
 
scorza said:
I don't dispute that Rover wasn't a healthy company, however I don't think it was terminal at the point when BMW sold it to PVH. I don't think BMW did either or they wouldn't have lent PVH nearly half a billion pounds, which presumably they lost when Rover went under. Be interesting to know what BMW management think about all this.
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It wasn't terminal, but it was if the same practices were put into place, and that was what PVH did, they left alone when the real need was for dramatic reform.

As for the half a billion pounds, it was cheap in comparison to shutting the company themselves (which was the other option considered aside from alchemy and Phoenix), or indeed in comparison to the losses they were taking from Rover.

The thing is, bad businesses can be turned around, but only if the people running these business have the will (amongst plenty of other things) to do so. This case here seems to be that PVH viewed Rover as an ageing cash cow, desperate to suck the last few remaining drops of milk before she falls over and dies.
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Possibly, but our collective refusal to consider the need for dramatic reform in Rover didn't help either. When Phoenix bought rover, there was a lot of goodwill from the people and the unions for 'saving' all the jobs, but this put the nail in the coffin from a business point of view, the rest of the time was just waiting for the last breath to be taken. Half the workforce needed to be gone, because they were not doing productive work (This was also a big contributor to GM and Chrysler's demise), and companies can't keep employing people they don't need to if they wish to survive.
 
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