Nationalisation of Northern Rock in the event that the takeover bids fail. On 12 January 2008, the Treasury recruited Ron Sandler, the former Lloyd's of London Chief Executive, to lead Northern Rock, in the event that the bank was nationalised. If the Bank was to be temporarily nationalised, the government would manage the Bank at "arm's length" on a commercial basis, where services for savers and borrowers would not be affected and the company would continue to operate as normal. However nationalisation would also address the future of the Northern Rock Foundation. Alistair Darling rejected the possibility of the Bank being put into administration.
Chief executive (Irish local government) additional three years). The retirement age for County or City Managers is 65. If a Council wishes to suspend or remove a chief executive, a resolution must be passed by the Council. At least Three quarters of the Councillors vote for the resolution after 21 days' notice. The Minister may appoint a panel to determine the proposal, or may sanctions the removal of the chief executive. Local Government Reform Act 2014 Sec 146 As well as the chief executive, some counties and cities also have Assistant/Deputy chief executive. After consultation with the head of the elected council (Cathaoirleach or Mayor)