Privatise the profits and socialise the losses. It's never those who are at fault who pick up the tab.

In the meantime bank the taxes

How did Carillion ever get a public contract? possibly because they were the lowest bidder by a distance.

That company was rotten to the core - not all private business is run with such lowly ethics/culture. I would suggest the high up people in that business will struggle to gain employment in a any kind of sizable business.

My parents had their own business, just my Dad running it on a day to day basis. I know what it takes to keep it going, about simple morals & business ethics, & who suffers if it struggles. There are a handful of large construction companies & consultants in the UK capable of dealing with projects >£20m. It is a merrygoround of senior managers between them. I have seen numerous companies go bust, taking small suppliers & sub contractors with them, only for the same people to crop up soon after.

I would suggest the skill set of running a large project is not in the skill set of the main directors of Carillion it will be in the senior project managers/engineers. Very slim chance of the Chairman/CEO/CFO ever appearing on the board of a major construction company in the future.

They will do well to avoid being struck of as directors and stuck off their professional bodies.