General Chat Thread, Fred Goodwin.... in General; I think it's wrong that they've taken Fred's knighthood away.....
.....he got it for 'services to banking' - instead of ...
2nd February 2012, 12:04 AM #1
I think it's wrong that they've taken Fred's knighthood away.....
.....he got it for 'services to banking' - instead of stripping him of the title they should have simply changed a 'b' to a 'w'........
Result - lifelong embarrassment for him and much infantile humour for the rest of us.....
Last edited by tech_guy; 2nd February 2012 at 12:16 AM.
2nd February 2012, 09:35 AM #2
Give a man a gun and he can rob a bank, give a man a bank and he can rob the world.
(services to w@nking... hehehe)
2nd February 2012, 09:45 AM #3
Don't understand the thing anyway - Jeffrey Archer went to prison and they didnt take away his knighthood. So not really fair, is it?
2nd February 2012, 09:59 AM #4
No. And there are plenty of other knighthoods and CBEs' who sat on boards of banks and made equally bad decisions.
Originally Posted by witch
Goodwin lost his knighthood because he was a media scapegoat. I'm not saying he didn't do anything wrong, just he was sacrificed to the media for the sake of the system.
2nd February 2012, 10:28 AM #5
I didn't think Jeffrey was knighted, he's a lord isn't he? And it's all a load of rubbish anyway, RBS boss was forced to forfeit his bonus, fred goodwin lost his knighthood and all we'll now hear is "Oh yes we're dealing with the crisis" by doing over 2 guys and not dealing with the underlying problem. they are attempting to claw at some credibility... which won't happen
Originally Posted by witch
Edit: i would say claw back but i don't think the condems had any credibility in the first place
2nd February 2012, 10:40 AM #6
Jeffrey Archer should still have lost his 'lordship' when he went to prison.
As you say, @Pyroman, this is all whitewash to show they are 'dealing', and pandering to a certain newspaper-reading populace.
This knee-jerk reaction stuff does no one any favours and gets us nowhere in the long term
2nd February 2012, 11:25 AM #7
I enjoyed Jackie Stewart on the radio saying (basically) "it wasn't just fred, lots of other people were involved so its not fair on him". Poor Fred, just a £700,000 pa pension to survive on. To Jackie, I'd suggest that there's something wrong in a system which richly rewards failure. Current system - get it right - get a huge bonus. Get it wrong, get a bonus and a taxpayer bailout. If you're going to link payment to performance you've got to not pay for non-performance.
2nd February 2012, 02:31 PM #8
Agree with the idea that Goodwin was a scapegoat. Goodwin is a monumental *word* and deserves, in a moral world, to suffer horribly for all the thigns he got wrong, but this wasn't about who got it right or wrong, it was about putting someone's head on a pike to silence the Guardian/BBC.
2nd February 2012, 02:35 PM #9
Goodwin had the worst management system he did not listen to the people he worked with that is why he crashed and burned. People need to under stand servant management this is the best way of managing.
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