Posted by: John | February 10, 2009

Next scandal: Andy Hornby

From http://en.wikipedia.org/wiki/Andy_Hornby

Particularly:

In September 2008 he led HBOS to near-bankruptcy and the bank agreed to be taken over by rival Lloyds TSB. In October 2008 he was forced by the government to resign his position after the merger, however he would stay on as a consultant to the Lloyds Banking Group for a fee of £60,000 per month.

Also http://www.guardian.co.uk/business/2009/jan/24/fred-goodwin-rbs

Then there is Andy Hornby, formerly known as the Boy Wonder. He was likeable, clever and commercially minded – he studied English at Oxford, went on to top a year of 800 at Harvard Business School, was crazy about football minnows Bristol City and made a star of Howard the singing bank clerk in the Halifax commercials. Hornby was adored in the City until he took HBOS on a suicide run. Three months ago the government ordered him to stand down when it rescued HBOS. Yet, astonishingly, he has stayed as a consultant – at £60,000 a month.

I wonder what Charlotte’s thinking in her free market bubble!

Furthermore is the taxpayer paying for it!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: