Banker Posted October 17, 2023 Share Posted October 17, 2023 Steam packet set their terms not politicians no matter what some think https://www.manxradio.com/news/isle-of-man-news/steam-packet-should-not-be-run-at-whims-of-certain-politicians-says-minister/ Quote Link to comment Share on other sites More sharing options...
The Listening Ear Posted October 17, 2023 Author Share Posted October 17, 2023 1 hour ago, Banker said: Steam packet set their terms not politicians no matter what some think https://www.manxradio.com/news/isle-of-man-news/steam-packet-should-not-be-run-at-whims-of-certain-politicians-says-minister/ But the IOMSPCo are not entering into negotiations so surely as the biggest shareholder the government need to step in. But then Mr Treasury Allinson hasn’t a single backbone or is part of the jolly boys club at the helm of the Steam Packet. 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted October 17, 2023 Share Posted October 17, 2023 4 minutes ago, The Listening Ear said: But the IOMSPCo are not entering into negotiations so surely as the biggest shareholder the government need to step in. But then Mr Treasury Allinson hasn’t a single backbone or is part of the jolly boys club at the helm of the Steam Packet. Despite some poster’s protestations on here, IOMG are pulling the strings. The Treasury certainly demanded a dividend. If that isn’t being involved then I don’t know what is. Quote Link to comment Share on other sites More sharing options...
The Listening Ear Posted October 17, 2023 Author Share Posted October 17, 2023 30 minutes ago, 2112 said: Despite some poster’s protestations on here, IOMG are pulling the strings. The Treasury certainly demanded a dividend. If that isn’t being involved then I don’t know what is. Exactly. They will get involved in the dividend payout but not to help sort out a situation with the company they own! Quote Link to comment Share on other sites More sharing options...
Gladys Posted October 17, 2023 Share Posted October 17, 2023 36 minutes ago, 2112 said: Despite some poster’s protestations on here, IOMG are pulling the strings. The Treasury certainly demanded a dividend. If that isn’t being involved then I don’t know what is. That is normal for a shareholder. Not normal for a shareholder to get involved with running the business. In fact, it could be damaging if you want to keep the corporate veil intact. 3 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted October 17, 2023 Share Posted October 17, 2023 2 minutes ago, Gladys said: That is normal for a shareholder. Not normal for a shareholder to get involved with running the business. In fact, it could be damaging if you want to keep the corporate veil intact. In principle I agree with what you say but we'll see what Treasury/COMIN do when the boats stop running and the Island starts running out of bog rolls. They'll be cries of "how could the IOMG let it get this far?". They'll have to intervene, it's in their and our interest to do so. And at that point onwards the IOMSPCo becomes a political weapon. Quote Link to comment Share on other sites More sharing options...
Dirty Buggane Posted October 17, 2023 Share Posted October 17, 2023 No doubt gov will be bringing in the manx militia to man the yard arms whilst public flogging's to boost moral incur. All going with the Thatcherite mentality how very dare they diss me I will break em. Up the red flag, all together now, the working class can kiss my ass I'm an MHK at last. 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted October 17, 2023 Share Posted October 17, 2023 2 hours ago, 2112 said: Despite some poster’s protestations on here, IOMG are pulling the strings. The Treasury certainly demanded a dividend. If that isn’t being involved then I don’t know what is. No they are& no they didn’t as has been explained to you on several occasions! The board will not accept ultimatum etc from government! Quote Link to comment Share on other sites More sharing options...
Two-lane Posted October 17, 2023 Share Posted October 17, 2023 2 hours ago, Gladys said: Not normal for a shareholder to get involved with running the business. In fact, it could be damaging if you want to keep the corporate veil intact From somewhere or other... "The shareholders of any company have a responsibility to ensure that the company is well run and well managed. They do this by monitoring the performance of the company and raising their objections or giving their approval to the actions of the management of the company. " 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted October 17, 2023 Share Posted October 17, 2023 (edited) 2 hours ago, Andy Onchan said: In principle I agree with what you say but we'll see what Treasury/COMIN do when the boats stop running and the Island starts running out of bog rolls. They'll be cries of "how could the IOMG let it get this far?". They'll have to intervene, it's in their and our interest to do so. And at that point onwards the IOMSPCo becomes a political weapon. They’ll have enough staff who don’t want to resign their jobs & if not plenty from elsewhere including UK who would accept same terms that are used elsewhere but assume you will refuse to use bog rolls brought in by non locals? Edited October 17, 2023 by Banker Quote Link to comment Share on other sites More sharing options...
Roxanne Posted October 17, 2023 Share Posted October 17, 2023 8 minutes ago, Banker said: In principle I agree with what you say but we'll see what Treasury/COMIN do when the boats stop running and the Island starts running out of bog rolls. I've always been confused by this. If we run out of bog rolls then we run out, as in, all of us run out. All the shops, including those locally owned. No? Unless there's a bog roll mine that only Shoprite have directions to. 1 Quote Link to comment Share on other sites More sharing options...
Banker Posted October 17, 2023 Share Posted October 17, 2023 8 minutes ago, Roxanne said: I've always been confused by this. If we run out of bog rolls then we run out, as in, all of us run out. All the shops, including those locally owned. No? Unless there's a bog roll mine that only Shoprite have directions to. You quoted previous poster! 1 Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted October 17, 2023 Share Posted October 17, 2023 57 minutes ago, Banker said: They’ll have enough staff who don’t want to resign their jobs & if not plenty from elsewhere including UK who would accept same terms that are used elsewhere but assume you will refuse to use bog rolls brought in by non locals? WTF are you talking about? I've made my position clear on this the company should be allowed to manage the business not the government. However, Nautilus have already been given the cold shoulder by IOMG (at least publicly). You tell me what will happen next. Quote Link to comment Share on other sites More sharing options...
Banker Posted October 17, 2023 Share Posted October 17, 2023 1 minute ago, Andy Onchan said: WTF are you talking about? I've made my position clear on this the company should be allowed to manage the business not the government. However, Nautilus have already been given the cold shoulder by IOMG (at least publicly). You tell me what will happen next. Union will back down after some more concessions as staff won’t want to lose very well paid jobs Quote Link to comment Share on other sites More sharing options...
Roxanne Posted October 17, 2023 Share Posted October 17, 2023 1 hour ago, Banker said: You quoted previous poster! That's twice in two days that's happened. Sorry. I have no idea why it's done that. It was Andy's quote. Anyway, my point still stands and my confusion reigns. Quote Link to comment Share on other sites More sharing options...
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