Brown pledges to clean up the banks...

Ah so now this government listens to public opinion and makes policy decisions on that basis wow how times have changed i guess you just have to be politically desperate enough to clutch at any straw. Please for the love of god will this government get the damn hint and just give us an election so if nothing else we can be spared months of hot air trying to shift the blame to everyone else rather then admit thier own failings.

[Sirius]

Originally Posted by RizzyKing

Ah so now this government listens to public opinion and makes policy decisions on that basis wow how times have changed i guess you just have to be politically desperate enough to clutch at any straw. Please for the love of god will this government get the damn hint and just give us an election so if nothing else we can be spared months of hot air trying to shift the blame to everyone else rather then admit their own failings.

There comes a time in every Governments term when they have to do the right thing and in this case its fall on that sword. Personally i feel that sword should be long blunt and rusty

[Osem]

Well it seems that Fred the Shred may could have seen his pension slashed if the RBS board had simply sacked him:

http://news.bbc.co.uk/1/hi/business/7921778.stm

It looks like legal action may well ensue as a result of this 'failure'.....

Anyway, Fred may not be the only major benefciary of rather forgiving boards of directors........

[Osem]

Harman didn't even know what Fred got his gong for:

http://news.bbc.co.uk/1/hi/uk_politics/7923661.stm

[etccarmageddon]

if brown is going to clean up the banks then I'll get him a brush and he can stick it up his....

Originally Posted by Osem

Anyway, Fred may not be the only major benefciary of rather forgiving boards of directors........

He most certainly isn't. This is how boards have been treating incompetent CEOs for years - it's one if the things that's most wrong with big business in this country. Our FTSE-100 boardrooms are actually just a great big mutual appreciation society, with people holding an executive position on one board one and non-exec positions on a half-dozen others. They all know each other, and they all look out for each other.

[etccarmageddon]

and now it's been proved - they are clever at making money for themselves and lining their own pockets.

Exactly. You don't stitch up a CEO who you 'supervise' as a non-exec director, because you never know whether he might turn up as a non-exec at the company you're in charge of.

And the big pension funds and investment banks that are (or were) the shareholders and therefore owners of these companies don't force the non-execs to take the job seriously because the pension funds and investment banks are themselves massive companies with their own CEOs and non-execs clamouring around the trough.

[Osem]

http://news.bbc.co.uk/1/hi/business/7947844.stm

I reckon all those Governmental promises about snatching Fred's pension back are about as credible as Lord Myners.