One of my photos


December 10th, 2008 · Posted by Skuds in Life · 2 Comments · Life

I’m a little confused about this business with David Ross quitting the Carphone Warehouse – and subsequently quitting as Boris Johnson’s special advisor.   Lots of fun to be had with the fact Boris gave him a job and that the photo of Ross with Mr & Mrs Cameron is all over all the papers, but it all seems like a bit of a technicality.

I can see why not declaring, as a director, that you have used your substantial shareholding to guarantee a loan is a bad thing: your fellow directors would want to know if a chunk of shares large enough to affect the share price is at risk of being sold off in a hurry.  But it doesn’t feel very serious.

What bothers me more is why somebody who is supposed to be worth £900 million is after a loan in the first place.  It doesn’t make sense to me, which is probably why I am poor but happy.

The other staggering inference from the story is this: with (almost) £900 million he is said to be the 87th richest person in the country, so there are 86 people with even more than that running around.  Even if they are all only worth slightly more than Ross (which I doubt) that is £78.3 billion in the hands of fewer than 100 people…

I find such personal wealth a bit difficult to come to terms with.  I can’t even begin to understand what you would do with it, and certainly can’t understand why anyone in that position sweats to accumulate more instead of sitting back to enjoy the fruits of their good fortune.  I would make a very bad millionaire I think.

I can’t even understand why my opponent in Horsham bothers taking half a dozen extra jobs when he is reputedly worth £3 million, and yet there are 87 people in the country who are could buy Francis Maude 300 times over.


2 Comments so far ↓

  • Gordon Seekings

    “What bothers me more is why somebody who is supposed to be worth £900 million is after a loan in the first place”

    Almost certainly due to cash flow as he is part of the Ross family that are involved with Ross/Youngs sea food and from what I can gather that firm is in trouble.

  • skud's sister

    I think you would make an excellent millionaire. You’d do good things with the money and wouldn’t be rich for very long but, at the end of it, when you were poor again, you would still be happy! I don’t think it’s the money – it’s the attitude.