8chan/8kun QResearch Posts (2)
#4844294 at 2019-01-21 08:02:31 (UTC+1)
Q Research General #6184: 2 Years of Geotus Edition
GSK Chairman Hampton to step down
GlaxoSmithKline Plc (GSK.L) Chairman Philip Hampton will step down after more than three and a half years in the role, Britain's biggest drugmaker announced on Monday. The announcement comes a month after GSK's Chief Executive Emma Walmsley announced her boldest plans yet - to split the company into two businesses - one for prescription drugs and vaccines, the other for over-the-counter products. Walmsley, who took the helm in 2017, announced in December that GSK and Pfizer would combine their consumer health businesses in a joint venture with sales of 9.8 billion pounds ($12.7 billion), 68 percent-owned by the British company, in an all-equity transaction.
"Following the announcement of our deal with Pfizer and the intended separation of the new consumer business, I believe this is the right moment to step down and allow a new Chair to oversee this process through to its conclusion over the next few years," Hampton said in a statement. Before joining GSK, Hampton was chairman of Royal Bank of Scotland Group Plc (RBS.L) and J Sainsbury plc (SBRY.L). GSK, which is looking to buy early-stage assets and partner with companies, said it had started the search for a successor.
https://www.reuters.com/article/us-gsk-chairman/gsk-chairman-Hampton-to-step-down-idUSKCN1PF0II?il=0
#3460119 at 2018-10-13 04:39:06 (UTC+1)
Q Research General #4387: We Want The Rule Of Law, Not Rule Of The Mob Edition
>>3460032
https://www.bbc.com/news/business-33763628
also this one
Greedy traders at Royal Bank of Scotland joked about fiddling Libor rates in exchange for sex and sushi, shocking emails revealed today.
One dealer likened his manipulation of the key city rate up and down to a "whore's drawers". Another said it was "amazing" how much could be made from the scam.
The damning evidence of rigging and bribery emerged as RBS - 81% owned by taxpayers - was fined nearly £400million for allowing the widespread practice.
Traders in offices around the world were involved, including London, Singapore and Tokyo.
Yet while regulators said traders were fixing rates in 2006, it was still going on in 2010 - after RBS had to be saved from collapse by a £45billion government bailout.
A series of emails published today revealed the loose language used by traders.
One, asked how much it was worth, replied: "I've got some sushi rolls", while another said "If u did that I would come over there and make love to you".
Others laughed off their illegal dealing, while another wrote: "It's just amazing how Libor fixing can make you that much money".
One even admitted Libor fixing had become a "cartel".
RBS chief executive Stephen Hester, brought in to try to clean-up the mess left by the bank's previous management, led by Sir Fred "the Shred" Goodwin, admitted the Libor revelations were outrageous.
But he said the practice was just a reflection of wider problems infecting the banking sector before the financial crisis erupted.
He said: "Libor manipulation is an extreme example of a selfish and self-serving culture that took hold in parts of the banking industry during the boom.
"We will use the lessons learned as further motivation to reject and change the vestiges of that culture."
Mr Hester refused to comment on whether he had considered stepping down in the wake of the scandal which had rocked the bank.
"We are not answerable for the past but we are here the move the business on," he said.
RBS chairman, Sir Philip Hampton, said it was a "sad day" for the bank.
Under a settlement announced today, RBS will pay £87.5million to the Financial Services Authority, plus £207.7million to the US Commodity Futures Trading Commission and £95.8million to the US Department of Justice.