Tuesday 12 February 2008

Trouble ahead for MidlandHR?

First it was zeda, now it looks as if the whole thing is getting a bit shakey around MidlandHR, see this article in Personneltoday.com

It will only be a matter of time before ABM-UK are sucked down the same plug-hole. My understanding is that Mills had the opportunity to sell zeda as a going concern some months ago, but, he pulled out when the offer was less than his valuation. Seems as though the other party's valuation was nearer the mark so the natural conclusion is that his greed and ego is so great and (as usual) only his view counts.

The final legacy at the end of this episode could well be three fine companies down the pan taking several hundred employees as they go and leaving him still a wealthy man. I just hope that Mills & Farrow can't sleep at night, but I strongly suspect that their arrogance will see them through!

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