I’ve had my share of rejections in my career, but there are a handful of jobs I’ve applied for just to see what the rejection letter looked like. One of them was in answer to an ad for non-executive directors of UK Financial Investments.
Month: June 2013
Sacking Stephen Hester to facilitate an early privatisation of Royal Bank of Scotland Group has stirred a new media storm but how long will it last? It deserves more than superficial attention. This is a short-sighted political fix which will do the economy and the taxpayer no favours.
According to the FT the Parliamentary Commission on Banking Standards will this week recommend that bankers’ bonuses be withheld for as long as ten years as a way of making them live with the consequences of their actions. That would be tackling the problem from the wrong end.