Nationalisation of Northern Rock that Northern Rock was to be nationalised claiming that the private bids did not offer "sufficient value for money to the taxpayer" and thus the bank was to be brought under a "temporary period of public ownership". The government is the sole shareholder through UK Financial Investments Limited, and the Bank is managed at "arm's length" on a commercial basis by an independent board under Ron Sandler. Customers are not affected by this change. A Government-appointed arbitration panel will decide on a fair price for the compensation to be offered to investors for their shares. Prior to the markets opening
Government Executive Government Executive Government Executive is an American media publication based in Washington, D.C. that covers daily government business. Their reporting is tailored to civilian posts, federal bureaucrats, and military officials who partake in the day-to-day of public policy in the United States. "Government Executive" is led by Tom Shoop, the organization's vice president and editor-in-chief, and Katherine McIntire Peters, the deputy editor. Constance Sayers is its president and publisher, and Tim Hartman is chief executive officer of the Government Executive Media Group, a subsidiary of Atlantic Media. Government Executive Media Group also includes "Nextgov", which covers technology and the future