Nick Buckles tells MPs G4S will claim its multi-million management fee despite Olympics shambles
The chief executive of G4S has insisted his company will still claim its Ł57 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 Governments 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 Ł284 million contract to provide security staff for the Games, which includes a Ł57 million management fee. Challenged to waive that fee, Mr Buckles insisted it should still be paid.
Weve managed the contract and weve 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 companys 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 dont know what fluent English is.
G4S employs more than 600,000 people worldwide, and Mr Buckles insisted that the Ł284 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 companys 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 companys performance, but rejected their suggestions that he should resign over the affair.
He said: Its not about me; its about delivering the contract. Im the right person to ensure that happens.
Latest News from our Front Page
Better Identification of Viking Corpses Reveals: Half of the Warriors Were Female
Shieldmaidens are not a myth! A recent archaeological discovery has shattered the stereotype of exclusively male Viking warriors sailing out to war while their long-suffering wives wait at home with baby Vikings. (We knew it! We always knew it.) Plus, some other findings are challenging that whole ârape and pillageâ thing, too.
Researchers at the University of Western Australia decided ...
Off Your Knees, Germany! Ernst Zundel 1983 - 2003
For more information on the holocaust, how the war was forced upon Germany, and the REAL victims of the second world war see:
IRS Drops Attack For Six Years â No Evidence of Jurisdiction
A big congrats to a friend Iâve been working with for several years, he stood up to the predators commonly called the âIRSâ and they dropped their attack. Thanks also for providing me with the proof below.
The criminals called the âIRSâ initiated an attack claiming my friend was required to file six tax returns, or explain how he made ...
Into Eternity - Finland's 100,000 Year Massive Underground Spent Nuclear Fuel Program
Into Eternity is a documentary about a deep geological repository for nuclear waste. The concept of long-term underground storage for radioactive waste has been explored since the 1950s. The inner part of the Russian doll-like storage canisters is to be composed of copper. Hence in the case of Onkalo it is tightly linked to experiments on copper corrosion in running ...
SPLC Accuses Oath Keepers of Inciting âArmed Confrontationâ Over Sugar Pine Mine
The Southern Poverty Law Center has accused Oath Keepers of inciting an armed confrontation with BLM authorities over the Sugar Pine Mine dispute in Oregon, despite the fact that the organization has explicitly stated that it is not promoting armed confrontation with the feds.
In an article provocatively posted on the organizationâs âHatewatchâ section entitled Oath Keepers Descend Upon Oregon with ...
|More News » |