Falling Like Flies Now

[youngmafbog]

Nat West/Coutts now looses another one. Flavel falls on is sword. Now nee the scalp of the Chairman.

Hymie will be devastated.

Go Nigel!


https://www.dailymail.co.uk/news/article-12344687/Now-Coutts-boss-quits-Nigel-Farage-banking-row-claims-victim-Rishi-Sunak-stopping-short-backing-NatWest-chairman-Howard-Davies-shares-plunge.html

[bhg481]

Falls on his sword? Just wait till you see the golden handshake he gets.

[andy-hughes]

That's the issue here.

These top level execs all resign before they are fired, which means they hang onto their share options and gold-plated pensions, before sliding into another similar role in the city.

Hardly any kind of punishment for their wrongdoing, is it.

[youngmafbog]

In her case I agree AH, a clerk would have been marched out the door.

Perhaps not so in his case, the board are just as culpable for letting him get away with focusing on things other than Banking. In most cases people in that situation are given the opportunity to resign.

As for the payments, often it is in leiu of the notice period. This has happened a coupe of times to me, not fired but leaving and as I had the 'keys to the kingdom' the risk was too high to the Banks concerned. So I was paid to sit in the garden. Not as much as these people but probably more than most.

[andy-hughes]

Fair enough.

If you work in a rock factory, you get marched off on the day, so you can't record your displeasure into a batch of seaside rock sticks.

In a bank, it may be politic to allow resignations, with perks allowed of course, so those necessary non-disclosure documents can be buttoned up first.

[maggiebee]

There is a big difference between "lose" and "loose". Who has been playing fast and loose and may lose their job?

[Peter Pedant]

plunge-ish - shares fall 3.7% - which isnt like twidder.

as Napoleon said - "success ee as many fathers, defeat he has none". A LOT in today Times calling for armageddon

asleep on the watch - this age of shamelessness - completely wrong to say they supported her

[Peter Pedant]

In a bank, it may be politic to allow resignations,
commentators say it is impolitic as resignation and not dismissal, she may well get a bloody great hand-shake !

and none of the board think they or she has done everything wrong

[ToraToraTora]

well they messed with the most successful politician in history. Is it any surprised they got their derrier handed back to them?

[Peter Pedant]

well they messed with the most successful politician in history.

er what about Churchill or Pericles ? or Disraeli
or Mrs Mopp

[bazwillrun]

the only shame is they are not being sacked ( all nicely agreed obviously) so theyll get to keep all the perks , huge pension pots, share options, pay offs etc

[perseverer]

In his interview with Nick Robinson, Mr Farage said "What you should say is you're the only person in British history whose won two national elections leading two different parties. Let's try that".

What was he referring to?

[andy-hughes]

TTT - Please dial down the abuse - it tends not to end well.

Thanks!

[tomus42]

//That's the issue here.

These top level execs all resign before they are fired,//

When you get to a certain level, you can't be fired. You are encouraged/told to resign with the promise of a large payoff. That's just how it works.

[perseverer]

If we assume the board were actually serving a useful purpose (other than in this instance) would it make sense for them all to resign, as Mr Farage seems to want.

And I know that this will raise the ire of most on AB, but does anyone think that perhaps Mr Farage is just as interested in putting himself centre stage again, as in promoting a crusade against banks' unfair practices?

[Peter Pedant]

Mr Farage said "What you should say is you're the only person in British history whose won two national elections leading two different parties. Let's try that".

an unwise choice perhaps - I think they are saying election ( national geddit?) as MEP - Brexit party and UKIP

BUT - oswald mosley ( yes fascista, my in-laws' grandfather was his chauffeur) was said to be capable of heading any and all of the three parties
one historian quoted this and commented it said more about the state of the parties in the thirties

churchill was both
he was for most of his career a member of the Conservative Party, and its leader from 1940 to 1955. He was a member of the Liberal Party from 1904 to 1924.

[Peter Pedant]

of course Farage wants fame for himself !

If we assume the board were actually serving a useful purpose then it would it make sense for them all to resign, as Mr Farage seems to want.

god no - they are in it for themselves and loolah and would lose income. - -- really

[Khandro]

//Hymie will be devastated.//
Well he's certainly gone rather quiet. :0)

[THECORBYLOON]

TORATORATORA, "well they messed with the most successful politician in history."

Aye, right...

[Hymie]

Hymie has gone rather quiet....

Having already outted Farage as a xenophobic racist; I’m seriously thinking of starting a thread listing a selection of the Brexit lies as told by Farage, such that if anyone (including myself) were to at some later date refer to him as a liar, that fact would be on record on AB and not open to debate.

Anyone up for it?