Good news! It is good to see that there are conscuences when a manager takes his company to the brink and needs government intervention.
Onésimo Alvarez-Moro
See article:
Royal Bank of Scotland says seven non-executive directors have retired with immediate effect from the bank's board.
The departures come before the appointment of three new non-executives as part of conditions attached to the bank's £20bn government bail-out.
New chairman Sir Philip Hampton said that "now was the right time to reduce the size of the board".
See full Article.
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