John Waples raised an interesting question about which bankers The City may forgive for recent, and rather, public misdemeanors. There doesn't seem to be a cast-iron principle in Waples's assessment but the perceived seriousness of the crime committed seems to be an important factor. So, "Fred the Shed" will remain out in the cold but Andy Hornby, former CEO of HBOS plc, is back already and in charge of Boots.
Who should be allowed "back in"? What does it say on the cv and the letter of introduction:
"I was CEO when the bank collapsed but it was the economy stupid. Give me a job, please!"
I think that's about right don't you?
Monday, 31 August 2009
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Richard