Proceeding contribution from Lord Naseby (Conservative) in the House of Lords on Monday, 18 February 2008. It occurred during Ministerial statement on Northern Rock.
Northern Rock
My Lords, how can it possibly be business as usual if the Government are subsidising the marketing and the whole business plan of Northern Rock? As we know that Ron Sandler actually believes in reducing overheads and producing cut-price products, what is to prevent Northern Rock undercutting every other bank and building society in the United Kingdom with taxpayers' money? Secondly, Ron Sandler is being paid a pretty good wage for what I understand to be 12 months’ work. Will the Minister confirm that there is no bonus, no other perks associated with payment to Ron Sandler over and above his monthly salary?
Secondary information
- Type
- Proceeding contribution
- Reference
- 699 c35
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Banks Private sector Public appointments Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:27:02 +0000
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