Sandler spurned secret offer to stay on
Monday 29 November 1999
Mr Sandler yesterday blurted out the fact that these talks had taken place in an exasperated response to insinuations that he and Sir David rejected a fresh approach from RBS at the weekend because it would have required them to step aside in favour of Sir George and Fred Goodwin, RBS's deputy chief executive, who would have responsibility for integration.
"All our board is concerned about is realising value for shareholders," Mr Sandler said. "There was some suggestion about personal agendas. A few weeks ago we were invited to play an executive role. We said it was not appropriate that it be considered."
The revelation makes a mockery of repeated claims by NatWest in recent weeks that they had not had any approaches from RBS. It is also likely to anger Bank of Scotland, which has long suspected thatNatWest is conducting a shadow auction with RBS and playing the two Scottish banks off against each other.
The talks appear to have taken place at about the time that a letter purporting to be from RBS to NatWest shareholders proposing a friendly deal fell into the hands of a Sunday newspaper, as a result, it has since emerged, of an RBS adviser misdialing a fax.
- 1 Renee Zellweger on plastic surgery reports: 'I'm living a fulfilling life and I'm thrilled that perhaps it shows'
- 2 Disney announces new female-led film Moana
- 3 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 Video: Boxer Vido Loncar brutally assaults referee following defeat
Chicago voter tells Obama 'don't touch my girlfriend' – Obama stays super smooth
Renee Zellweger on plastic surgery reports: 'I'm living a fulfilling life and I'm thrilled that perhaps it shows'
Isis releases first video showing stoning of woman accused of committing adultery as her father shouts 'don't call me Dad'
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Support for EU membership 'at highest level since 1991 with most Brits wanting to stay in'
iJobs Money & Business
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...