The British Home Stores Pension Scheme: Privatised Looting?
17 Pages Posted: 26 May 2020
Date Written: July 2019
Abstract
On entering administration, British Home Stores owed its pension scheme £571 million—a significant employment relations issue of historical wage theft by investor–owner managers. The article locates ‘lawful’ looting of business assets in a framework that builds on Ackerlof and Romer's theory of bankruptcy for profit and connects this to an empirical narrative on business re‐structuring at British Home Stores towards administration.
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The British Home Stores Pension Scheme: Privatised Looting?
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