The BBC is reporting that the Serious Fraud Office is to investigate the collapse of MG Rover in 2005. It’s nice to see that the directors seem fit to blame government for the collapse their spokesmen saying “time and again they asked for government help and didn’t get it”.

Still what I want to known is the answer to is how John Towers, Nick Stephenson, Peter Beale and John Edwards received an estimated £40m in pay and pensions whilst steering the company bankruptcy – we’re told that company directors have high pay because they take high risks – high risk and high pay an oxymoron at MG Rover, it’s just high pay.