The screaming headline in Tom Service's Guardian blog proclaims 'Banks should not be sponsoring classical music', and goes on to tell us 'In the current climate, the sponsorship of classical music institutions by large banks has to be seen as inappropriate'. This principled stand is underlined by the accompanying photo, which singles out the Royal Bank of Scotland for special attention; as does Tom Service's copy:
"But right now, the fact that the artistic directors of those festivals – or any of the other cultural organisations who owe RBS (Royal Bank of Scotland) or HBOS anything in terms of support they have been given – have to suck up to these morally redundant ex-masters of the universe makes me feel queasy."Tom Service's other job is, of course, as a BBC Radio 3 presenter. One of his bosses is BBC Trustee Jeremy Peat. Mr Peat's CV includes twelve years as Group Chief Economist at the Royal Bank of Scotland, a stint as an economic adviser to HM Treasury: he is a member of the Chartered Institute of Bankers for Scotland and his register of interests entry includes shareholdings in the Royal Bank of Scotland. What was that again Tom, about 'sucking up to these morally redundant ex-masters of the universe'?
Dip, dip, dip, hurrah!
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