I don't know about anybody else, but I am very disappointed to hear that the Board of Cadbury (my favourite chocolate!) have now recommended that shareholders accept a takeover by Kraft. MPs were sent an email by Alex Cole the "Global Corporate Affairs Director" of Cadbury who tried to explain the decision that "the Board has a clear legal duty to secure value for shareholders". The fact that this will lead to job cuts and unemployment for Cadbury employees clearly isn't a consideration.
Nick Clegg raised the issue of the takeover at PMQs. Kraft are borrowing money from the Royal Bank of Scotland to fund the takeover, so taxpayers' money is being used to buy a British company and then to put people out of work.
"When British taxpayers bailed out the banks, they would never have believed that their money would now be used to put British people out of work, isn't that just plain wrong?"
Personally I think it stinks!
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