Nationalisation of Northern Rock mortgage products, but the other company, "Northern Rock (Asset Management) plc", will not. The subsidiary in Guernsey, Northern Rock (Guernsey) Limited, and all Irish accounts are owned by the new Northern Rock plc. After the split there are two boards of directors; Ron Sandler is the Chairman of the new Northern Rock plc and Richard Pym is Chairman of the Asset Management company. Gary Hoffman is Chief Executive of both companies. On 10 March 2010 Northern Rock (Asset Management) plc announced that for the year 2009 the company made a better than expected loss of £257.4 million; this was a
Nationalisation in Pakistan shipping companies were merged with Pakistan National Shipping Corporation by Bhutto's nationalisation programme; those who protested were imprisoned by the government. At an international level, the United States fully opposed the nationalisation programme and marked it as "ill-considered" decision of the government. Former prime minister Nawaz Sharif, an affectee of nationalisation process, gave vehement criticism and cited nationalisation programme as "lamentable state of Pakistan". While on the other hand, the unnamed and anonymous United States embassy officer later further noted that: The Pakistan Peoples Party's intellectuals on the other hand, vigorously defended the nationalisation programme. The Peoples Party maintained that