Isomatic UK Weblog

I have just signed up to two petitions on the 10 Downing Street web site:

1) We the undersigned petition the Prime Minister to strip Sir Fred Goodwin, former CEO of Royal Bank of Scotland, of his knighthood.

Sir Fred Goodwin, former Chief Executive Officer of Royal Bank of Scotland, was knighted in June 2004, for his 'services to banking.'

In late 2008, Sir Fred resigned from his post as CEO at RBS, owner of Natwest. Under his leadership, RBS was driven to the brink of bankruptcy, requiring an unprecedented £20 billion bailout by the UK taxpayer. RBS is now 57.9% state-owned, and it is likely that the bank will require further tax-payer-funded support in 2009.

It is clear that Sir Fred's knighthood was awarded prematurely. It is completely inappropriate that he should be allowed to retain this elevated status given the huge damage that has resulted from his flawed strategic business decisions.

2) We the undersigned petition the Prime Minister to Strip the pension of Sir Fred Goodwin former CEO of the RBS.

Any other person in similar circumstances would now be receiving job seekers allowance. I assume the thousands about to be sacked from RBS will not be getting a pension. This reinforces the public belief that there is NOW no justice... I absolutely refute the ideology that senior management should have preferential treatment above other citizens of the UK.

Labels: Grumpy