Nick Buckles tells MPs G4S will claim its multi-million management fee despite Olympics ’shambles’
2012-07-18 0:00

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

Police Attacked by Mob in Cincinnati, Rescue White Man from Black Beatdown
2015-07-07 0:28
Cincinnati police form a line against mob violence July 4, 2015. Photo: Cincy vs Everyone Fireworks, rocks, bottles and punches were thrown at Cincinnati police by a mob of people gathered for a Fourth of July hip hop and electronica concert late Saturday night. Several officers were wounded including one who needed stitches after a thrown glass bottle struck him in ...
California Rabbi Calls on Amazon to Cease Selling Books on Holocaust Denial
2015-07-07 0:47
A Sacramento rabbi has called on Amazon to ban the sale of books promoting Holocaust denial, CBS Sacramento reported on Friday. “Blatant anti-Semitism,” said Sacramento Rabbi Mendy Cohen, according to the report. “To deny the Holocaust is another mask of blatant anti-Semitism.” Among the books for sale to Amazon customers are titles such as Did Six Million Die? The Truth at Last and The Myth ...
Inna Shevchenko: Naked Breasts Are Political Weapons
2015-07-06 23:46
Inna Shevchenko, the leader of the Femen movement, is not an obscure individual in Europe and much of the Western world. She once bragged: “I’m proud to say we brought the idea of feminism and women’s rights to a politically ignorant part of the world like Ukraine, Russia, Belarus. And I’m proud to say I think we brought feminism back on to ...
Cleric said to be behind Tunisian beach massacre is living on benefits in Britain
2015-07-06 23:11
Cleric said to be behind Tunisian beach massacre is living on benefits in Britain A leader of the terrorist group suspected of being behind the Tunisian beach massacre is living on benefits in Britain. Hani al-Sibai, an al-Qaeda cleric suspected of radicalising "Jihadi John", lives in a £1 million house leafy street in fashionable west London. He is said to be one of ...
Bakers Facing $135K Fine Over Wedding Cake for Same-Sex Couple Speak Out
2015-07-06 23:57
(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3"; fjs.parentNode.insertBefore(js, fjs);}(document, 'script', 'facebook-jssdk'));A Daily Signal Exclusive: Bakers Facing $135K Fine Over Wedding Cake for Same-Sex Couple Speak OutPosted by The Daily Signal on Monday, April 27, 2015 From the video source: Bakers Facing $135K ...
More News »