The fallen fund manager seemingly thought he was right about Brexit and almost every mainstream economist was wrong
Fallen fund manager Neil Woodford should be stripped of his CBE, according to UK financial campaign group Transparency Task Force, which complains that Woodford “seems to have accepted no formal responsibility, showed very little genuine remorse or made any meaningful effort to remedy the situation” following the 2019 collapse of his flagship fund.
Whatever about returning his CBE, one can understand the frustration with Woodford. In April, the UK’s Financial Conduct Authority issued a warning against Woodford, saying he had a “defective and unreasonably narrow” understanding of his responsibilities. Just days later, Woodford launched his new blog, insisting he was not a “villain” and that some things were “beyond our control”, such as the different “economic and political landscape ... in the wake of the Brexit vote.
Woodford needs to take more responsibility. Like former UK prime minister Liz Truss, he seems to think he was the victim of external events, as opposed to the orchestrator of his own downfall.
Europe’s homeless asylum seeker crisis: ‘This is not human rights, I am staying in the street with a baby’Kevin Barry: ‘I didn’t publish a book till I was 37. I thought I must have been an awful f*cking waster’Young Offenders star Chris Walley: ‘What is it about Cork? I dunno.
Financial-Conduct-Authority Brexit
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hubristic Woodford was the orchestrator of his own downfallFund manager still refuses to accept any responsibility for collapse of his flagship fund
Read more »
Shamrock Rovers ace Neil Farrugia dreaming of an Ireland call-upThe Hoops winger was on standby for Ireland games last year and was part of a senior squad training camp in Bristol
Read more »
Hoops ace Neil Farrugia raring to go after return from dislocated shoulderShamrock Rovers host Waterford FC today in the Premier Division (5.00pm, Tallaght Stadium)
Read more »
Neil Jordan set to work with Jeremy Irons and Helena Bonham Carter on new movieThe Well of Saint Nobody is set for its screen debut.
Read more »
Shelbourne secure significant new investment in major boost to clubBrothers Neil and Cathal Doyle are expected to invest a seven-figure sum in the Reds.
Read more »
A Ukrainian teenager in Galway: ‘I love the Irish school system. It’s not that strict’New to the Parish: Marharyta Pokydailo lives with her grandparents in the village of Woodford while her parents remain in Ukraine
Read more »