Never much enamoured of Hector Sants after the FSA's shocking failure to sort Northern Rock before it collapsed.
So first, we were pleased to learn he was quitting. This week, we discover he's not.
Now, we are to believe he has come up with a tremendous wheeze: let's broaden the duties of company directors to include a requirement to 'contribute to the common good' !
WTF ? Companies have legitimate partisan interests which, provided they obey the law, they should be free to pursue. The 'common good' is served by each company striving to thrive in competitive markets.
Couldn't we just go back to where Sants was leaving ?