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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3 comments:
I also notice from Jeremy Peat's register of interests that:
1. His daughter is employed by OFCOM. This is the the independent regulator and competition authority for the UK communications industries, including the BBC - http://www.ofcom.org.uk/
2. Mr Peat is Chair of the BBC Pension Trust.
A few minutes on Google shows there is a Stephanie Peat, Programme Executive, Content and Standards, Ofcom.
http://www1.bsc.org.uk/about/csg/adv_cmmt_older_disabled/notes/note6?view=Welsh
I have no information as to whether or not this executive is Jeremy Peat's daughter.
From the Ofcom website I notice that 'a team in Ofcom is looking into the future of Public Service Broadcasting in the UK.' Public Service Broadcasting, of course, includes the BBC. One of the PSB Review team members appears to be Stephanie Peat.
I'm sure there is more than one female executive called Peat in Ofcom.
From Wikipedia:
Jeremy Peat was subject to severe public criticism in July 2008 for claiming over £30,000 in expenses as a BBC Trustee in one year - funded by the licence fee payer, and the equivalent of around 220 licence fees. This was significantly higher than any other Trustees. Peat spent £9,800 on flights and £12,600 on hotels in a single year. The average cost of his flights was £235. [1]
Peat was also one of four Trustees who hosted a group of "opinion formers and stakeholders" at the Wimbledon tennis tournament, at a cost of over £20,000 of licence fee payers' money.
http://en.wikipedia.org/wiki/Jeremy_Peat
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