Kid's Company

Started by vandermolen, August 10, 2015, 03:04:33 AM

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vandermolen

August 10, 2015, 03:04:33 AM
Any views on the Kid's Company collapse? Probably only of interest to UK members:

http://www.bbc.co.uk/news/uk-33822035
"Courage is going from failure to failure without losing enthusiasm" (Churchill).

'The test of a work of art is, in the end, our affection for it, not our ability to explain why it is good' (Stanley Kubrick).

mc ukrneal

#1
August 10, 2015, 03:22:40 AM
Quote from: vandermolen on August 10, 2015, 03:04:33 AM
Any views on the Kid's Company collapse? Probably only of interest to UK members:

http://www.bbc.co.uk/news/uk-33822035
3m for 600 paid employees is not really all that much. Did they actually use the payment for that? In any case, clear the writing was on the wall considering their cost base and the terrible need for money. I think the government should have cut their losses earlier, but I don't know the politics behind this group.
Be kind to your fellow posters!!

vandermolen

#2
August 10, 2015, 03:44:38 AM
Quote from: mc ukrneal on August 10, 2015, 03:22:40 AM
3m for 600 paid employees is not really all that much. Did they actually use the payment for that? In any case, clear the writing was on the wall considering their cost base and the terrible need for money. I think the government should have cut their losses earlier, but I don't know the politics behind this group.

Inclined to agree with you.
"Courage is going from failure to failure without losing enthusiasm" (Churchill).

'The test of a work of art is, in the end, our affection for it, not our ability to explain why it is good' (Stanley Kubrick).
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