City & Business: Large mistake at PIA
Sunday 08 May 1994
The trouble was over Joe Palmer, chairman of the Personal Investment Authority, the personal finance regulator being set up under the auspices of SIB. Mr Palmer, it turns out, had earlier misled the committee during questioning about deficiencies at his former employer Legal & General.
Brian Sedgemore, a Labour member of the committee, berated both the absent Mr Palmer, suggesting he was either stupid or senile, and the very present Mr Large, questioning why he could have appointed such an alleged incompetent in the first place.
All very embarrassing for Mr Palmer, whose position now looks precarious. It's a measure of the desperation of the PIA, which has already been spurned by the Pru and other prospective members and is terrified of any more adverse publicity, that it can still regard Mr Palmer as an asset rather than a liability.
- 1 Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
- 2 Woman accidentally shoots herself in the head while posing for a selfie
- 3 Art Garfunkel calls Paul Simon a 'monster' with a Napoleon complex
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...