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.
Category: Parliamentary Commission Report
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.
We now know what the price of failure is for the CEO of a wrecked bank. Fred Goodwin at RBS set the tariff: a lost knighthood and a third off the pension. Now James Crosby at HBOS has fallen into line. But what should happen to the chairmen?