David Ross, beleaguered ex director of the Carphone Warehouse, has quit all of his roles in the organisation of 2012 London Olympics.
He emailed Olympics Minister Tessa Jowell and London mayor Boris Johnson resigning his various positions.
Olympic Medals won during the Beijing 2008 Olympics
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"
Showing posts with label david ross. Show all posts
Showing posts with label david ross. Show all posts
Thursday, 11 December 2008
Tuesday, 9 December 2008
A Tad Careless
How very careless of David Ross, co-founder of Carphone Warehouse, not to have told his fellow directors that he used £157M of his shares as collateral in 2006 and 2008.
How even more careless not to have told the boards of three other companies that he did the same with shares (approx value £50M) in them as well.
Suffice to say he has now resigned from Carphone Warehouse.
However, he has not yet resigned from the organising committee of the London Olympics, where his role is to assess the legacy of the Games and to ensure that Londoners get value for money.
Let us trust he does so before being subjected to a potential criminal investigation by the Financial Services Authority.
Olympic Medals won during the Beijing 2008 Olympics
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"
How even more careless not to have told the boards of three other companies that he did the same with shares (approx value £50M) in them as well.
Suffice to say he has now resigned from Carphone Warehouse.
However, he has not yet resigned from the organising committee of the London Olympics, where his role is to assess the legacy of the Games and to ensure that Londoners get value for money.
Let us trust he does so before being subjected to a potential criminal investigation by the Financial Services Authority.
Olympic Medals won during the Beijing 2008 Olympics
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"
Wednesday, 18 June 2008
Costs of London Olympics Likely To Rise
I am not the slightest bit surprised to read that the costs for the 2012 London Olympics, despite already being way over the original "budget", are expected to rise further.
The budget, if one can really call it that that, currently stands at £12BN (including £2BN running costs).
David Ross, the multi-millionaire entrepreneur, nominated last month by Boris Johnson to be his man on the board of LOCOG, the London Organising Committee of the Olympic Games has put together a report about the preparations for the games.
The report says that the construction of the Olympic Village is under threat because of the recent contraction in the credit markets, fall in property prices and the continuing rise in the cost of building materials due to the boom in economic activity in China.
Ross says:
"Some significant additional public sector funding is likely to be required to deliver the project."
£20BN here we come!
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"
The budget, if one can really call it that that, currently stands at £12BN (including £2BN running costs).
David Ross, the multi-millionaire entrepreneur, nominated last month by Boris Johnson to be his man on the board of LOCOG, the London Organising Committee of the Olympic Games has put together a report about the preparations for the games.
The report says that the construction of the Olympic Village is under threat because of the recent contraction in the credit markets, fall in property prices and the continuing rise in the cost of building materials due to the boom in economic activity in China.
Ross says:
"Some significant additional public sector funding is likely to be required to deliver the project."
£20BN here we come!
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"
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