Richard Murphy For Barclays Boss!

No no, I won\’t take no for an answer here.

The likelihood of intense political and regulatory scrutiny on the new chairman and chief executive of Barclays means both must be untainted by its reputational collapse and are likely to be recruited externally, possibly from Canada or Australia.

The bank has told investors it is looking to have either one external and one internal appointment, or two external appointments, a top 10 shareholder in the bank said.

I think the obvious candidate is clear, don\’t you?

Richard J Murphy. After all, he knows exactly what is wrong with banking, exactly what needs to be done in the future. So clearly well qualified to do the job.

He would bring that necessary element of morality to the City. He would, of course, be willing to only pay himself 20 times the lowest salary in the organisation. £200k maximum perhaps, therefore offering the shareholders a substantial saving.

In fact I can only think of one reason why he is not already doing the job. It\’s most, most unlikely that the FSA would approve him as being fit to run a bank.

16 thoughts on “Richard Murphy For Barclays Boss!”

  1. Dennis The Peasant

    Why would FSA reject him?

    Other than the fact that he’s a jabbering idiot about all matters relating to economics, taxation, accounting and banking, Murphy is completel qualified.

    If nothing else he’d be an endless supply of black humor…

  2. Be a brave soul who takes on the job. If Ritchie did, we’d all be able to have a go about him. If Ritchie does not go for the job, he can have a go at whoever gets it anyway.

  3. Rather a stupid blog

    Even if Murphy were incompetent, he would have to put his pedal to the floor to match the world class “competence” of recent approved UK bank bosses, would he not and even if he did manage to match them, I imagine he would be a lot cheaper?

    In that respect maybe it is time for a change, as quoting Einstein “the most stupid thing that people do is the same thing over and over again and expecting different results”.

  4. It’s most, most unlikely that the FSA would approve him as being fit to run a bank.

    I wouldn’t trust Ritchie to run a fucking whelk stall never mind a bank.

  5. Maybe he should be put in charge – that way the people shouting about how bad the current bank bosses are could see how bad it could actually be…

  6. “I wouldn’t trust Ritchie to run a fucking whelk stall never mind a bank.”
    Come to think of it, would you trust the managements of the major banks to run a whelk stall? None of this ‘too big to fail’ stuff with whelks. Conchs maybe……..

  7. Has he declared himself in the running?

    I have had the opportunity to meet several chairmen of major banks and utilities. I have regular contact with top management right across industry.

    None can hold a candle to Mr. Murphy.

    None of them have a clue. All heartless bastards. Incompetents to a man (or woman) and couldn’t care if the workers starve to death,

    Never met a bigger bunch of ignoramuses. Good to know they might get somebody better. No culture, no responsibility..

    I can relax. Actually a glass too many of white wine tonight. Does it show?

    Summer lightning, the occasional downpour, Sitting on the patio, everybody gone to bed. Bill Withers singing ‘ain’t no sunshine when she’s gone’ and contemplating the beauty of the world.

    Tomorrow, I’ll care who gets the job. Tonight I couldn’t give a monkey’s…

  8. In most major industries today, such is the poisoned meddling influence of the state, political schmoosing matters far more than competence at ones trade (if you can find it on the net Robert Shea’s brilliant essay “Empire of the Rising Scum” is worth your time).

  9. Dennis The Peasant

    Bravefart: “Even if Murphy were incompetent, he would have to put his pedal to the floor to match the world class “competence” of recent approved UK bank bosses, would he not and even if he did manage to match them, I imagine he would be a lot cheaper?”

    Tim, she’s landed!!!

    I know an Amanda Marcotte sentence when I seen one…

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