Knighthood decision a 'token gesture'
Tuesday 31 January 2012
A leading union today welcomed the decision to strip former RBS chief executive Fred Goodwin of his knighthood.
David Fleming, national officer of Unite, said: "It is a token gesture to strip Fred Goodwin of his knighthood, but one which will be well received by the thousands of workers who lost their jobs during his rule.
"Nonetheless this will do nothing to bring job security to the staff across the banking sector who continue to work under a culture of excess and greed at the top. Action from the Government is needed in banking reform, not simply empty rhetoric on knighthoods or shareholder activism."
A spokesman for business lobbying group the CBI said: "The business community will understand the Queen's decision to take away the knighthood awarded to Fred Goodwin for services to banking in 2004. Such an annulment is exceptional but unsurprising, given all of the circumstances."
Simon Chouffot, spokesman for the anti-poverty Robin Hood Tax campaign, said: "This is clearly the right decision, but removing one man's gong won't repair the damage done to our economy by the financial sector.
"We need our leaders to move beyond tokenism, tackle the unjust financial rewards still rampant in the City, and ensure the sector pays its share to help people hit by the economic crisis."
Tory MP David Ruffley, a member of the Treasury Select Committee, told Sky News: "This was a reckless man. He was playing with other people's money... he wasn't very good at it.
"He proved a huge disservice to the banking industry and I think what people wanted to hear was that this man was held to account."
He added: "Bizarrely there's been no criminal charges against the man, so he's not going to be in front of a jury, and there was a sense that this guy had got away scot-free and the only thing left really to show the public opprobrium was for the knighthood to be stripped."
Former Labour trade minister and ex-CBI director general Lord Digby Jones said: "I think there is the faint whiff of the lynch mob on the village green about this, but that isn't to say that the end result isn't what is right."
He told Sky News that Mr Goodwin "deserves what's come to him" after his pension deal sparked public outrage.
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Watch a man race the Circle line and win
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Grandmas keep accidentally tagging themselves as Grandmaster Flash on Facebook
- 5 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Islamic State: Pope is 'being targeted by Isis', Iraqi ambassador to the Holy See warns
Jennifer Lawrence and Kate Upton nude pictures exhibition cancelled after artist concedes photos were 'stolen property'
Scotland independence: A nation divided against itself: Brown says SNP are liars. Darling joins in. Salmond fights back
John Travolta addresses former pilot's gay romance allegations publicly for the first time
Richard III: Two years after his body was found scientists discover how he died
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Portuguese academic says British are 'filthy, violent and drunk'
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
£40000 - £45000 per annum: Ashdown Group: HR Manager / Training Manager (L&D /...
£35000 - £50000 per annum + benefits: Ashdown Group: Senior QA Engineer (Agil...
£26000 - £28000 per annum: Ashdown Group: Digital Marketing Executive (SEO, PP...
£40000 - £50000 Per Annum: Clearwater People Solutions Ltd: Our retail client ...