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Going back for a future; VOICE OF THE.

THE troubled Co-op is down but thankfully not yet out after reporting a thumping PS2.5billion loss.

Scandals, in-fighting and disastrous financial deals plunged a great British institution deep into the red and reviving the group is going to be both difficult and painful.

But the Co-op can have a bright future if it returns to the values of fairness and good service that made its shops-to-funerals business, owned by millions of members, a trusted organisation.

Blaming the Co-op's structure misses the point that many stock market companies controlled by shareholders go bust and fail.

And it's not the only organisation with a dodgy bank. What about the Royal Bank of Scotland and Lloyds Banking Group, now part-nationalised after billion-pound taxpayer bail-outs. What's now needed at the Co-op are sensible decisions at the top. Rebuilding it will take time but the effort will be worth it.
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Publication:The Mirror (London, England)
Date:Apr 18, 2014
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