Between the Lines: Knives Sharpening for Knights of Gogarburn

The ScotsmanApril 24, 2008

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Summary


THE BRIEFING has begun. The knives are being sharpened. Quietly but menacingly, the men in pin-stripped suits are gathering to strike. When it comes it is suggested it will be clean and clinical. The victims will hardly feel the incision which brings about their demise.

Sir Fred Goodwin and Sir Tom McKillop are doomed, it is said. The chief executive and chairman respectively of RBS will pay the price for the apparent U-turn at the bank over the controversial rights issue.

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Extract


Between the Lines: Knives Sharpening for Knights of Gogarburn

One of the "big ten" institutional investors is reportedly calling for their heads on a plate within the next 12 months. Others are keeping their counsel but are said to be looking for a sacrificial ...

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