Ex H. B. O. S. Boss Gives Up Knighthood And 1/3Rd Of His Pension

[ChillDoubt]

Ah well, it's a start!

http://www.bbc.co.uk/news/business-22080768

[emmie]

so one would damn well think.

He will also forgo 30% of his pension following last week's critical report into the bank's collapse. Sir James served as chief executive at HBOS between 2001 and 2006.

In the Banking Standards Commission report, Sir James was described as one of the men behind HBOS' downfall.

[youngmafbog]

I find it quite difficult to understand why these people dont go to jail - if things are as bad as we are led to believe.

I work in the Banking sector and it is scum llike this that tars all of us with the same brush.

Pity the Queen didn't slip when knighting him.

[sandyRoe]

How far apart were his antics and those of rogue trader, Nick Lesson?

[ChillDoubt]

I wondered that too YMB i.e. whether he was being contrite and making some form of restitution in order to avoid possible criminal charges.

We'll see.

[bazwillrun]

the only thing people like him are sorry for is sorry that theyve been caught.

[aelmpvw]

i'd be happy to give up 30% of my pension if it was £580,00 a year

[Canary42]

Can I have 5% of his pension please, as reward for my role in bailing out the banks ?

[DTCwordfan]

At least he has made a gesture, more than the others.

[ChillDoubt]

Exactly Canary.
**WARNING: Extreme Profanity Used In Clip**

http://www.youtube.com/watch?v=rdlUdoYAwyk

[jno]

true, he's given it up voluntarily, while Lord Jeffrey Archer is still Lord Jeffrey Archer.

[DTCwordfan]

A Lordship can not be given up, though I guess you could go around without using the title. It is the sole domain of the Queen, whereas Knighthoods go to some Parliamentary Committee for recommendation of removal.