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.