Saturday, 21 May 2011

Let him who is without sin...


Three cheers for Lord Stoneham and a further three cheers for parliamentary privilege.
This week in the House of Lords, Lord Stoneham exposed Sir Fred Goodwin as a contemptible cad.
I think we are even allowed to refer to him again as a banker even although his track record would make that difficult to substantiate.
Rhyming slang excepted.
Amid revelations that the erstwhile head of RBS was having an extra-marital affair with a former colleague, there is a growing number of calls for an enquiry into the affair.
And why not?
At the risk of being accused of massively understating things, Sir Fred Goodwin enjoys a comfortable life at our expense.
It is now incumbent on us to make that life somewhat more uncomfortable.
Not because of jealousy but more because of the need to provide a better 'balance sheet' - something that Sir Fred failed to do at the RBS which resulted in a £45.5 billion pay-out from the taxpayer.
I now learn that the female in question (yes, female - Frederick Anderson Goodwin's initials had wrong-footed me) was promoted twice while under Sir Fred.
Maybe that was her reward for talent.
But let's get serious.
If Sir Fred's career was anything to go buy, the principle of 'talent and reward' had no place at the RBS.
The principle of 'shafting' others in order to get on, however, seemed to reign supreme.

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