Nick Buckles tells MPs G4S will claim its multi-million management fee despite Olympics ’shambles’
2012 07 18

From: telegraph.co.uk


Nick Buckles


The chief executive of G4S has insisted his company will still claim its £57 million management fee for security at the Olympic Games, even though the company has presided over a “humiliating shambles”.

Nick Buckles faced repeated criticism from a committee of MPs as he struggled to explain how the company had failed to fulfil its contractual obligations to provide more than 10,000 security guards for the Olympic Games.

That failure has forced ministers to assign thousands of soldiers and police officers to basic security duties. Mr Buckles told the Commons home affairs committee that his firm would meet all the Government’s additional costs for those deployments, and was prepared to fund bonuses for troops assigned to Olympic duties if commanders thought it appropriate.

However, he made clear that he believed his firm was still entitled to its fee for managing the security arrangements for the Games. G4S holds a £284  million contract to provide security staff for the Games, which includes a £57 million “management fee”. Challenged to waive that fee, Mr Buckles insisted it should still be paid.

“We’ve managed the contract and we’ve had management on the ground for two years,” he said. “We still expect to deliver a significant number of staff.” Keith Vaz, the Labour chairman of the committee, told Mr Buckles his stance on the fee was “astonishing”.

That exchange followed questioning in which Mr Buckles offered an abject assessment of his company’s performance over the Games. When it was put to Mr Buckles that the affair had become a “humiliating shambles,” he replied: “I cannot disagree with you.”

The chief executive also faced personal embarrassment during his 90-minute appearance, frequently appearing hesitant or uncertain about details of the security operation. At one point, Mr Buckles said he was unable to say if his staff spoke “fluent English” because “I don’t know what fluent English is”.

G4S employs more than 600,000 people worldwide, and Mr Buckles insisted that the £284 million contract was “financially not a huge issue” for his firm.
Instead of hoping to make money, he said, the company bid for the Olympic work to enhance its global image.

Instead, the debacle has become a worldwide embarrassment for the firm, whose shares have fallen by almost a fifth since its Olympic troubles were revealed last week. Mr Buckles admitted the affair had left his company’s reputation “in tatters”.

As a result of the London experience, G4S will now not bid for security work at the 2014 football world cup or the 2016 Olympics.

Mr Buckles told the MPs he was “deeply sorry” for the company’s performance, but rejected their suggestions that he should resign over the affair.

He said: “It’s not about me; it’s about delivering the contract. I’m the right person to ensure that happens.”

Source: telegraph.co.uk



Related Articles


Latest News from our Front Page

Brooklyn DA exposes hidden Child Sexual Abuse in the Orthodox Jewish Community
2014 08 22
Comment: We all know that the sex abuse cases within the Catholic church have been plastered all over the media in the last 6-8 years, but when do you ever hear about the rapes, sexual molestation and child sex abuse cases within the jewish orthodox community? Is the media helping to cover it? Will they give the same treatment of ...
California’s Economic Collision Course: Immigration and Water
2014 08 22
You have heard it before: “As California goes, so goes the nation.” If that is the case, the national economy will be harmed for decades to come because of California’s misplaced priorities today. Indeed, by emphasizing high-speed rail over water and failing to deal with its debt crisis, California poses a long-term threat to our national economy and ...
ISIS offered to swap Foley for ’Lady Al Qaeda’ - neuroscientist MIT-graduate
2014 08 21
An MIT-educated neuroscientist terrorist known as ’Lady al Qaeda’ was named on a ’laundry list’ of demands from ISIS captors holding James Foley named, it was revealed today. Petite mother-of-three Aafia Siddiqui is currently serving 86 years in a Texas jail after being arrested with plans for a ’mass casualty attack’ in the US, including infecting people with Ebola and a ...
James Foley beheaded - Financed by USA
2014 08 21
John McCain is a traitorous piece of garbage. Last year McCain worked with the "Syrian Emergency Task Force" to help overthrow the Syrian government. Investigative work (see the detailed article below) revealed that this task force was just a front organization for AIPAC. McCain met with known terrorists, including the infamous al-Qaeda. Yeah, the terrorist organization that was behind 9/11 received aid ...
’Hammer of Thor’ unearthed: Runes on 1,000-year-old amulet solve mystery of why Viking charms were worn for protection
2014 08 21
In Norse mythology, Thor’s hammer helped prevent giants from destroying Asgard, the celestial home of the gods. Thousands of tiny intricate amulets, similar to this weapon, have been found all over the Viking world since the first millennium CE. But for years, researchers have been unsure whether the amulets, known as ’torshammere’, were a representation of Thor’s hammer or something else entirely. Researchers ...
More News »