I awoke today to the happy news that Walter Smith is back in football having joined a new club. He immediately allayed fears that he would actually contribute anything to their cause by assuring the fans and any potential investors by stating: “I must make it clear, however, that I will not be playing any role in the day-to-day running of the club or the team. It’s the manager’s job to run the team and the chief executive’s job to run the club’s affairs.”
Well right from day one wee Walter has got it wrong there. According to the Higgs Report commission by the government in 2003 a non-executive’s role is:
Performance: Non-executive directors should scrutinise the performance of management in meeting agreed goals and objectives and monitoring and where necessary removing senior management, and in succession planning.
Risk: Non-executive directors should satisfy themselves that financial information is accurate and that financial controls and systems of risk management are robust and defensible.
People: Non-executive directors are responsible for determining appropriate levels of remuneration of executive directors and have a prime role in appointing and where necessary removing senior management, and in succession planning.
Now that seems very much like someone who should be involved in the day-to-day running of a business.
So my best guesstimate is that Walter has been promised a lump of money and a tranche of shares to put his name to the board, keep his mouth shut and hang like the Sword of Damocles over Sally.
Hart I agree with, at least he has put money into the old club and not just sucked it out.
Walter has sold the jersey here and shown him self to be someone with no backbone whatsoever. If he really had the best interests of the club at heart he would have carried through leading the consortium wanting to buy out the club in the first place.
It’s a smart move by Green. As Lyndon B Johnson famously said:
“Its better to have someone in your tent pissing out rather than having them pissing in.”
Can anyone seriously see Walter having the brains to carry out such serious duties or the savvy let alone the clout to stand up to Green?
Nope he’s just jumped on another gravy train…he thinks!