By James Mackintosh, investment editor
Arise, Mr Fred Goodwin. The banker who single-handedly brought down the British banking system has had his knighthood stripped away, and no one is sorry. Politicians, the public and the press are united in supporting the move against the former chief executive of Royal Bank of Scotland.
I’ll say one thing for co-chief executives: two scapegoats are better than one. Since Research in Motion’s fortunes took a sharp turn for the worse last year, its dual-leadership structure has taken a beating. With the BlackBerry-maker’s decision last week to revert to one chief executive, the double-edged knives really came out for Jim Balsillie and Mike Lazaridis.
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John Gapper is an associate editor and the chief business commentator of the FT.
He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of All That Glitters, an account of the collapse of Barings in 1995.
Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.
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andrewtghill: @Smoov_C Belated thanks, Carl - good to meet you all. I enjoyed the day - and my first visit to Iowa.
andrewtghill: Ariba, sold yesterday to SAP, was once a dotcom IPO rocket - up 291% on its first day of trading. My blog post: http://t.co/sfVCu2MB
andrewtghill: HP casualties include Autonomy founder - Mike Lynch defenestrated - so soon after selling his baby that must hurt http://t.co/IEDjf4bw
