Home » General World News » ‘We need to start doing things in a different way’: Tesco executives discussed the need for ‘cultural change’ months before £250 million accounting scandal broke

‘We need to start doing things in a different way’: Tesco executives discussed the need for ‘cultural change’ months before £250 million accounting scandal broke





Former Tesco executive Carl Rogberg arrives at Southwark Crown Court in London, Britain September 26, 2017.

  • Tesco’s former UK finance director Carl Rogberg is one of three former Tesco executives standing trial for fraud in relation to their alleged involvement in overstating the firm’s profits in 2014, which wiped billions from the retailer’s value.
  • An email sent to Rogberg nearly a year before the scandal broke suggested the firm needed “cultural change about doing the right thing.”
  • Rogberg said references to terms such as “pull-forward” challenges were a sign of financial health, rather than “internal jargon used … to describe the falsification of figures” as the prosecution alleges.

LONDON — A Tesco executive suggested the firm’s management “need[ed] to read more >>>

Source:: BusinessInsider.Com

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