The British Home Stores pension scheme: privatised looting?

Ian Clark

Industrial Relations Journal, 2019, vol. 50, issue 4, 331-347

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.

Date: 2019
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