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Headline

Paying the piper

Comment

In the case of Blake Lapthorn the issue is likely to be a short term blip. If one takes a period of say 5 years there is more than adequate evidence that profits have been good and equity partners have done well. We are in a recession and these results prove the point that the risk of running any business is with the owners. Cash call or no cash call the profits in previous years have served the firm well and I do not believe we will be sitting here in a years time poring over similar results. If we are then there are more deep rooted and systemic problems than we are aware of.

Posted date

30-Jul-2009

Posted time

10:46 am

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