Prem Sikka
We may see more Carillion-style collapses and it’s because of this outdated financial model
Like companies the world over, Carillion used Black-Scholes to value securities – a highly risky piece of maths vulnerable to market crashes.
A crisis is building around employee pensions and the government are ignoring it
Carillion is just the latest company to jettison its pension liabilities whilst its directors and shareholders make off with the assets.
Carillion could be the spur to radically reform company law. Here’s what’s at stake
Parliament will grill Carillion bosses tomorrow - they may use the opportunity to look at corporate law overall.
The Carillion scandal shows it’s time to end the stitch-up of ‘commercial sensitivity’
To spot disasters before they occur, we need to reform our laws on corporate confidentiality.
The role of accountancy firms in Carillion’s collapse is bigger than we thought
Serious questions need to be asked over the Big Four's advice to Carillion as a crisis brewed.
Here’s why the Carillion scandal will last for decades
There is little chance of any speedy conclusion to the Carillion scandal: The liquidation will probably run for a decade or more and is likely to generate millions in fees for accountants and lawyers.