Carillion boss fined by the FCA: what does that mean for Bluebird’s Sath and the fraudster Stuart Ashman?

I fear that the answer is not very much. Not because it shouldn’t but because the penalties handed out by the FCA are so utterly piffling. The FCA wants us to get excited as former Carillion CEO Richard Howson was yesterday fined £237,700 for his part in misleading statements being issued by his company. Put that in context. In his last full year in charge Howson trousered a total package of £1.5 million. His payoff when he left as the firm collapsed in 2017 was £660,000.  He was CEO for five and a half years and his net wealth must be closer to £10 million than to £5 million.  This fine is a drop in the Ocean.

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