Business Quote by Alistair Darling
““The Bank [of Scotland] had tried to sell itself to a company run by TV evangelist Pat Robertson. That deal fell through, perhaps because it transpired that Mr Robertson believed that Scotland was ‘a dark land’ where ‘homosexuals ruled the roost’.””
About This Quote
Source News article: The Guardian, 2010
It recounts a failed bank sale due to the buyer’s controversial views on Scotland.
In simple terms: Bank deal failed because buyer’s views were problematic.
Consider ethical implications in business deals.
Themes
Mood
Type
When to use this quote
- mergers
- political controversy
- public relations
Key Concepts
Questions to Reflect On
- How should companies vet partners?
- What role should public opinion play in deals?
Business decisions can be hindered by public backlash.