JJB and RBS nominated as worst companies

JJB Sports has received the dubious honour of receiving three nominations in an online ‘awards’ for poor performance.

The Wigan-based retailer, which narrowly avoided insolvency this year, is shortlisted along with Royal Bank of Scotland  and three other troubled firms in the Worst Company of the Year category.

JJB’s former chief executive Chris Ronnie and finance director David Madeley are also nominated in the Worst CEO and finance director categories of the ShareCrazy Awards for Lack of Corporate Excellence 2009.

Other nominees in the worst CEO category are former RBS chief Sir Fred Goodwin, who has been slated for his leadership of the banking giant, which had to be rescued by the Government as a result of huge credit-crunch losses.

Another sports company boss, Mike Ashley, the founder of Sports World, is nominated in the Most Disastrous merger or acquisition category, for his catastrophic purchase of Newcastle United Football Club.

The Government’s rescue of RBS and the marriage of Lloyds TSB with HBOS are also nominated.

The Lifetime Achievement for value destruction sees Prime Minister Gordon Brown, pitted against fraudster Bernard Madoff; Sir Fred Goodwin, Mike Ashley 
and Tanfield Group’s Roy Stanley.

Voting is open for the next three weeks at: http://sharecrazy.com/beta/t1ps-awards/2141/t1ps-awards-for-lack-of-corporate-excellence-2009