Carillion's upbeat strategy? Shoot the messenger

Minutes of the doomed boardroom show Morgan Stanley was fired after failing to back rights issueYou can’t argue with boardroom minutes. They’re the definitive summary of who said what. They are compiled by the company secretary, or stand-in, with all directors given the opportunity to check for accuracy afterwards. And what do minutes of Carillion’s board meeting on 5 July last year show? Self-delusion on a scale that, outside the banking sector circa 2008, would be hard to bel