Former head of HBOS says sorry m8, gives up knighthood and 30% of pension after report finds that he
13 replies, posted
[t]http://i.imgur.com/c93AjEB.jpg[/t]
[url]http://www.bbc.co.uk/news/business-22080768[/url]
[quote]Former HBOS chief executive Sir James Crosby has asked for his knighthood to be removed.
He will also forego 30% of his pension following last week's critical report into the bank's collapse. Sir James served as chief executive at HBOS between 2001 and 2006.
In the Banking Standards Commission report, Sir James was described as one of the men behind HBOS' downfall.
His request will now be considered by a Whitehall honours committee.[/quote]
Almost a literal "falling on the sword"
Revoke his knighthood, and then give it straight back to him for being a banker with a conscience. Those are fucking rare these days.
I'm more interested to see the results of the inquiry into KPMG's auditing of HBOS - could have very large repercussions through the banking and accounting industry
ASKING to get his knighthood revoked and voluntarily giving up 30% of his pension?
Willingly taking hits like that takes balls and I can only respect that.
[QUOTE=Emperor Scorpious II;40219218]Almost a literal "falling on the sword"[/QUOTE]
yeah, relinquishing your knighthood and taking a 30% cut to your £580,000 a year pension is basically committing seppuku.
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[editline]9th April 2013[/editline]
it's a nice gesture but it's not "almost a literal falling on the the sword", as you put it
[QUOTE=Turnips5;40219514]yeah, relinquishing your knighthood and taking a 30% cut to your £580,000 a year pension is basically committing seppuku.
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[editline]9th April 2013[/editline]
it's a nice gesture but it's not "almost a literal falling on the the sword", as you put it[/QUOTE]
probably a joke about knights
[QUOTE=Turnips5;40219514]yeah, relinquishing your knighthood and taking a 30% cut to your £580,000 a year pension is basically committing seppuku.
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You mean Sudoku?
I'd pay to watch him commit hara-kiri.
[QUOTE=Dr Magnusson;40219274]Revoke his knighthood, and then give it straight back to him for being a banker with a conscience. Those are fucking rare these days.[/QUOTE]
Or it could be an amazing PR trick that will work quite well
[QUOTE=viperfan7;40221222]Or it could be an amazing PR trick that will work quite well[/QUOTE]
Keeps his Knighthood and pensi - BASTARD
Voluntarily gives up Knighthood and reduces pensi - [B]BASTARD[/B]
Can't fucking win with you people can you.
[QUOTE=Matriax;40221363]Keeps his Knighthood and pensi - BASTARD
Voluntarily gives up Knighthood and reduces pensi - [B]BASTARD[/B]
Can't fucking win with you people can you.[/QUOTE]
Weigh up what honest families lost because of his cock up and he's still taking 400,000 a year after his generosity.
I'm not after his scalp or anything, but that's pretty much fuck all in comparison.
[QUOTE=Fr3ddi3;40221418]Weigh up what honest families lost because of his cock up and he's still taking 400,000 a year after his generosity.
I'm not after his scalp or anything, but that's pretty much fuck all in comparison.[/QUOTE]
It's still less though.
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