Profit or plunder?
Asset management - or asset stripping? This week Evan Davis asks when making a profit from running a business becomes simple plundering.
In business, things go wrong at the best of times ... mistakes are made, luck turns bad. But sometimes things can also go wrong not because of bad luck, but because someone makes money out of failure.
The "profit or plunder" question has been raised by events at BHS. It was struggling, facing intense competition in a tough retail environment. But the owner took quite a bit of money out of the company. And the staff pension fund went into deficit. Sir Phillip…
The skinny
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