G4S’S board will meet today to discuss the conclusions of a comprehensive review into the Olympic security scandal, with the future of chief operating officer David Taylor-Smith, as well as others, in the balance.
His sacrifice would be seen as a move to protect the security firm’s chief executive Nick Buckles, who has come under heavy criticism for his stewardship of G4S as it failed to fulfil its contract for the Games.
Taylor-Smith, who has been at the firm since 1998, is likely to be sacked, Sky reported yesterday.
G4S stands to lose at least £50m from the contract, and Buckles has repeatedly vowed to cling on to the £57m management fee, despite the Home Affairs Select Committee demanding the company gives it up.
PwC has conducted the review into the failure on behalf of G4S, after thousands of soldiers were drafted in to make up for the shortfall in staff. Taylor-Smith started at G4S in 1998.