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The hardest man in insolvency
The executives of Metronet should be worried. If they thought that things had been hard so far, they've now got Alan Bloom to deal with, the hardest man in insolvency.
I suspect they are about to learn a few home truths about the way they have run things, and I expect Bloom, the administrator now in charge, to give everyone involved in Metronet's PPP deal to maintain and repair track and stations across a third of the tube network a fairly abrupt assessment of where it all went wrong.
Bloom was the man who wrenched Railtrack back from the brink, manhandled TXU through turnaround and cleaned up Barings after Nick Leeson had managed to clean it out.
Bloom is said to be mild mannered and methodical. But he's razor sharp, has an acute ability to unravel complexity and above all else never seems to shirk a battle.
He's the man to sort things but, for some I predict, it will be brutal.
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Posted by :XRumerIsTheBest | July 30, 2008 2:23 AM