The problem with the Co-op? Years of non-sustainable abuse.

The problems at the British Co-op are numerous and they reflect many of the problems within society at large. They have just announced £1.3 BILLION annual losses and have even issued an apology for their poor performance. For many years now they have paid out HUGE bonuses to those at the top, rewarding greedy people for failure in their roles, rewarded for overseeing poor investments, breaching financial rules and taking the business away from it's mutual roots. As a business model, you can not keep making bad decisions and reward people for gambling with and wasting money. Over the years, these bad business decisions, massive bonus payments and failure to stick to it's MUTUAL principals has resulted in the Co-op being sick, weak and fractured. A cooperative should benefit ALL of it's members equally and be a conscientious, sustainable and morally upright role model for a modern society. #greed #sustainable #ethical