BEING KNIGHTED in the honours list isn’t quite such a big thing as
becoming a Lord but it’s obviously got some attractions for billionaire
businessmen.
Philip Green got his gong recently though he’s been a millionaire
since he was 33 and he’s now 54. The owner of Arcadia Group which
includes British Home Stores and Burton’s is Britain’s fourth richest
man. He has been accused of using cheap labour to boost his companies’
profits.
Green gave Arcadia shareholders a £1.3 billion dividend last year
and as he and his wife own 92% of the group, they got £1.17 billion.
That’s the biggest amount ever paid out to one person in British
corporate history and he paid no tax on it, as his family lives in
Monaco part-time with a £20 million yacht and a £16 million private
jet.
He’s not the first tax avoider to become a Sir. Hans Rausing, the $8
billion founder of a plastic carton company, was given a knighthood –
for philanthropy! – in January although his philanthropy doesn’t extend
to paying taxes.
Blair’s government also rewards senior figures in US big business and
the military. Riley Bechtel, boss of US-based Bechtel Corporation and
50th richest in the USA, was secretly awarded a CBE back in 2003,
according to The Observer.
Bechtel not only has rich pickings from privatisation in Britain’s
transport (tubes, Crosslink, tram services etc) and nuclear industries.
It also won a huge £430 million contract to rebuild the infrastructure
of Iraq after the US government wrecked it in 2003. Then just a week
later, Riley Bechtel, a Bush backer, got his secret gong.
Of course, Blair and Co don’t just award people who make fortunes out
of a deadly war. They also rewarded people like General Tommy Franks for
his role in devising the battle plan for the 2003 invasion, and numerous
other top brass. It’s another touching example of the special
relationship that Blair has built up, with Bush and with billionaires.
