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

6,000-Year-Old Temple with Possible Sacrificial Altars Discovered
2014 10 21
A 6,000-year-old temple holding humanlike figurines and sacrificed animal remains has been discovered within a massive prehistoric settlement in Ukraine. Built before writing was invented, the temple is about 60 by 20 meters (197 by 66 feet) in size. It was a "two-story building made of wood and clay surrounded by a galleried courtyard," the upper floor divided into five ...
What happened to Journalist Serena Shim? Assassinated? Find out what happened to Serena, Press TV director calls on Turkey
2014 10 21
Press TV news director Hamid Reza Emadi says the “suspicious death,” of the news channel’s correspondent in Turkey is a tragedy for “anyone who wants to get the truth.” Emadi made the remarks in an interview with Press TV on Sunday following Serena Shim’s death across the border from Syria’s Kurdish city of Kobani, where the ISIL terrorists and Kurdish fighters ...
Ancient Roman Nanotechnology Inspires Next-Generation Holograms for Information Storage
2014 10 21
The Lycurgus Cup, as it is known due to its depiction of a scene involving King Lycurgus of Thrace, is a 1,600-year-old jade green Roman chalice that changes colour depending on the direction of the light upon it. It baffled scientists ever since the glass chalice was acquired by the British Museum in the 1950s, as they could not work ...
Rapid Geomagnetic Reversal Possibility: Confirmed
2014 10 21
From the video: "The scientists who conducted the study are still unsure why the magnetic field is weakening, but one likely reason is the Earth’s magnetic poles are getting ready to flip, said Rune Floberghagen, the ESA’s Swarm mission manager. In fact, the data suggest magnetic north is moving toward Siberia." Tune into Red Ice Radio: Ben Davidson - Suspicious0bservers: Space Weather ...
Georgia Guide Stone 2014 cube stone removal
2014 10 21
From: Youtube: Was it all just a gag? it seems the cube stone just happens to be made out of the same Elberton granite that the rest of this morbid monument is made from.
More News »