This writer has never ceased to wonder at the Punch Taverns way of doing things.
This writer has never ceased to wonder why Punch Taverns backed a total smoke ban.
This writer has never ceased to wonder at the greed of pubcos.
What has come to light is incredible.
The caring Giles Thorley seems not to have cared at all !
Amassing for himself a personal fortune of an estimated 30m during his short tenure at Punch, Thorley’s success was built upon a mountain of debt
£30 million???
...he led the company down a path that seen them sink 4.5bn into the red,
£4.5 billion???
Thorley reaped rewards – earning 11.3m for a years’ work in 2007
£11.3 million??? But pubs were already closing in 2007!
I will simply leave you to hit the link to read the rest of this horrendous tale of self gratification at the expense of thousands of others.
When you are reading through this report spare a thought for "The Family Tree", the pub in Bognor Regis I highlighted some months ago.
Peter was in hospital after suffering a heart attack and Caroline went to open the pub for evening business. Punch had employed a builder to change all the locks! They were jobless, homeless & penniless-with Peter facing major heart surgery.
Thank you Giles!
Go To Story »