Summary
AS A former member of the Court of the Bank of England, Sir Ian Gibson, the senior independent director of Northern Rock, should have a good idea of what is acceptable behaviour for a failing bank. But not a bit of it.
He and his fellow panjandrums on the board of the Rock, including former NatWest boss Sir Derek Wanless, think it is acceptable to reward shareholders with a 30pc dividend hike.See the full content of this document
Extract
Gross Payout at the Rock ; Comment
This at a time when the Rock is in hock to the Bank of England for at least 3bn and after investment bankers at Merrill Lynch have so far failed to find a buyer among Britain and Europe's top banks.
But should...See the full content of this document
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