Fall guy or fool?

homer911

http://www.irishtimes.com/business/sectors/financial-services/rsa-ireland-chief-quits-claiming-to-be-fall-guy-for-alleged-irregularities-1.1610313

At a time when we have seen CEOs on very large salaries, isn't it only right that the buck stops with them when things go wrong? John Reynolds in KBC Ireland has gone over their bad debts. Senior execs have gone in all the banks implicated in the libor scandal, most recently two in rabobank. All of them went quietly and probably got big payoffs, and yet somehow the CEO of rsa thinks he is being made a scapegoat, resigns while suspended and walks away with nothing?? Can't wait to hear the rest of this story.. .

delthedriver

homer911 wrote: »

http://www.irishtimes.com/business/sectors/financial-services/rsa-ireland-chief-quits-claiming-to-be-fall-guy-for-alleged-irregularities-1.1610313

At a time when we have seen CEOs on very large salaries, isn't it only right that the buck stops with them when things go wrong? John Reynolds in KBC Ireland has gone over their bad debts. Senior execs have gone in all the banks implicated in the libor scandal, most recently two in rabobank. All of them went quietly and probably got big payoffs, and yet somehow the CEO of rsa thinks he is being made a scapegoat, resigns while suspended and walks away with nothing?? Can't wait to hear the rest of this story.. .

It should make interesting reading:)