Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.

Friday, May 15, 2009

Myners Lambasted

The hapless and hopeless Lord Myners was on the receiving end of another public humiliation yesterday, as the Treasury Select Committee gave him a well deserved public kicking.

Reviewing the shambles of Sir Fred "The Shred" Goodwin's £16.9M pension payoff, the committee stated that Myners was too much of a City insider to properly police payments and failed to provide "adequate oversight".

The Committee stated that Myners should have sacked Sir Fred, and that Myners should not have allowed the RBS board to handle negotiations with Sir Fred.

The Committee heaped further humiliation upon Myners' shoulders by calling him "naive".

Why does this man still have an official role in government?

Oh, how naive of me, because he is a friend of Brown!

No comments:

Post a Comment