The Edge

Richard Northedge takes on corporate finance

Archive for the ‘BP’ category

Finding a chairman is musical chairs in reverse

Have we made chairing a company so hard that seats cannot be filled? There are vacancies in the centre of more than half a dozen big boardrooms but the headhunters don’t have that many names on their lists.
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“Who is going to bail out the taxpayer?”

At last there is an official inquiry into how the banking crisis happened – but not into punishing those responsible or compensating those that suffered. It is something the government should consider in this year’s budget or next year’s general election.
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The BP-Royal Bank relationship is too cosy

The idea of former Royal Bank of Scotland chairman Sir Tom McKillop
seeking re-election as a director of BP reminds me of the joke about the drunken magistrates.
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