Tuesday, February 10, 2009

Sorry? Sorry......What do they mean bleedin' sorry?

Appearing before the Treasury Committee, today, the former bosses of the two biggest UK casualties of the banking crisis have apologised "profoundly and unreservedly" for their banks' failure.

Below is their earnings (???) for year 2007.

RBS

Sir Tom McKillop, Chairman, £750,000
Sir Fred Goodwin, Group chief executive, £4,190,000
Johnny Cameron. Chairman, global markets, £3,256,000

HBOS


Lord Stevenson, Chairman, £821,000
Andy Hornby, Chief executive, £1,926,000
Peter Cummings, Chief executive, corporate division, £2,606,000.

These are just two banks senior officials who were so overpaid, their salaries blinded them to the actions of their staffs that has almost brought this country to bankruptcy and all they can say is sorry. In my opinion these pathetic men are no better than Nick Leeson (who caused the collapse of Barings Bank).

Their negligence needs punishing and all forms of pay back should be instituted. "Sorry, my arse!" as Jim Royle would observe.

Further, investigation needs to be carried out to find out who appointed men of this calibre to these positions. Obviously, the headhunters, interviewers have serious problems with their remits and standards of selection and need to be replaced with men of integrity, honour and knowledge.








1 comment:

Nikos said...

Bring back the guillotine I say!