A View From Middle England - Conservative with a slight libertarian touch - For Christian charity and traditional belief - Free Enterprise NOT Covert Corporatism

Tuesday, January 31, 2012

RBS Fred Goodwin's knighthood shredded as well as stripped

Fred Goodwin explaining himself and the failures of RBS
Sir Fred Goodwin is stripped of his knighthood for services unbecoming. Fred the Shred is disgraced and dishonoured. It was bound to happen. After all, the Labour Party is all excited about it, RBS that is. The cabinet is making noises off and the public is certainly not in a mood to bow and scrape in front of bankers and their bonuses. So it's back to being plain Mr.Fred Goodwin for the former Sir Fred. If only he had eaten that large portion of humble pie that was offered to him. If only he'd said sorry instead of waiting for it to be beaten out of him. But that was not to be. If he was as clever with public opinion as he was with creating a behemoth of a bank, albeit one with dodgy money flowing through its computerised accounting systems, he'd be OK now. But no. He knew better.

This should be a salutary lesson to greedy men who get the megalomania problem. There was a chap on Newsnight last night telling Jeremy Paxman that these bonuses were out of all control. That they are. I get the impression these corporate types have hijacked our public companies and are just milking them for all they can get. What separates them from the criminal classes I cannot imagine, except one is legal and the other is not. Morality has little do to with it. Yes, yes, the labourer is worthy of his hire and no doubt the likes of Fred Goodwin ARE worthy of good reward. But certainly not a raid on company assets just to assuage some innate greed. Maybe surgery is the only thing that will stop them!


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