I may have read this wrong, but is this one of the people who paid themselves obscene sums of money to effectively bankrupt our entire financial system, actually having the self-awareness to realise that an element of [url= http://www.guardian.co.uk/business/nils-pratley-on-finance/2013/apr/10/hbos-james-crosby-done-right-thing-belatedly ]contrition[/url] might extremely belatedly, be in order? 😯
Fair play to him, I say. What a bloke! We now don't have to call him 'Sir' any more if we bump into him down the pub. And he's opening himself up to the hardship a lot of people in this nation have felt as a result of him and his mates actions - he's generously agreed to bump along on only £406,000 a year pension
After everything that's happened, its true what Dave said, after all... We really are all in this together! 😆
Well, a second. Fred Goodwin agreed a reduced pension. Given a chunk of his pot was from time as a partner at Deloitte and at Clydesdale Bank, not all of it was ill-gotten at RBS.
I don't think the word contrition was really applicable in that case though was it, as he showed not a shred of it. He was forced to reduce his pension to stop himself being (rightfully IMHO) lynched
[s]Sir[/s] James Crosby has actually uttered the word 'sorry'. That really is a first. Do you think we've any more apologies due?
sufficiently belated as to demonstrate no contrition whatsoever ?extremely belatedly
Contrition - no. But he may be forced to through the class action against RBS.
[url= http://www.bbc.co.uk/news/business-22087201 ]KPMG been naughty[/url]
There's a bit more today, although not from bankers. KPMG resigning from a couple of audits as one of the partners was nabbed insider trading.
It's a token gesture designed to pacify and deflect attention. If he gives up a nominal amount and a title that obviously means little to him then he will be left alone with his many millions to live a life infinitely more comfortable than most.