Mike Coady must ensure Guardian Wealth Management repays the £850k grant from the Welsh government and make sure no more of it is used to pay bribes.
Dear Mr. Coady
As you can imagine, British taxpayers in general – and those in Wales in particular – are very keen to know more about the repayment of the £850k grant from the Welsh government by your new employer, Guardian Wealth Management in Dubai. It was really impressive to learn that you personally are going to forego your salary for two years to help Guardian repay this money. It would also be interesting to know whether ex OMI Darren Jones (who joined Guardian at the same time as you – what a coincidence) is going to sacrifice his salary to help towards settling this debt.
(Obviously, potential clients contemplating taking financial advice from Guardian would feel happier if the firm was capable of paying its own debts, as it hardly inspires confidence if it can’t!)
It has also come to my attention that the three ex deVere salesmen who were paid “golden handshakes” to join Guardian last year have been threatened with the sack if they don’t repay the £250k they jointly received. Clients would – I am sure – feel more confident using the firm’s services if these three individuals both repaid their bribes (to help repay the debt to the Welsh government) and got the sack.
This would make a considerable contribution to repairing Guardian’s tarnished image in the wake of their failure to repay the grant.
as you can’t blame people from thinking that the bribes were actually paid out of the Welsh government’s money.
You have made your feelings about loyalty very public and I think making an example of these three bribe recipients (John Green, Joe Woodhouse and ANO) would go a long way to repairing Guardian’s reputation.
I was thinking of doing a weekly blog to show the progress of the repayment of the £850k and publicly praise you for the decisive and unselfish actions you are taking to show the World how you feel about disloyal “mercenaries” and unpaid debts. Perhaps to kick this off, you could let me know how much of the debt has been paid off since you joined Guardian and perhaps even break this down into how much was contributed by the firm, by you and by Green/Woodhouse/Burrows.
I look forward to hearing from you.