Thursday 17 November 2011

Branson's an example we should aspire to

There's still a lot of anger about regarding the banks, since the credit crisis and recession began in 2008. The anti-capitalists camping outside St Paul's and the Stock Exchange in London demonstrate the ongoing frustration.

It is interesting to speculate how the news that Northern Rock is being sold to Virgin Money will be received.

Many hardliners will no doubt shrug it off as being sold from one bunch of capitalists to another, but I suspect many will be (at least secretly) quite pleased that Northern Rock is being sold to one of Richard Branson's companies. A self-made billionaire, Branson doesn't quite fit the bill of the despised money-men.

In fact, Branson is - and should be - feted, lauded, exemplified and copied. This is surely the kind of business person we should all aspire to be.

I hope he makes a magnificent success out of Virgin Money and its new-found Northern Rock clients.

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