I quote from yesterday's dead tree version :
... Fred Goodwin, who retreated to Europe before offering surrender terms - £4 million for public acceptance and reintegration into Scottish society. It's interesting to note that boycotts still work so effectively, and that Sir Fred values a hassle-free walk to the Morningside shops so highlyThat's a very important libertarian point.
In an earlier post I mentioned the widespread belief that "there ought to be a law against it" whenever some social problem arises. Of course, we only need two laws at all:
(1) Don't initiate force or fraudIt's not clear to me that Sir Fred broke either of those two "laws", although that's not to say that he shouldn't have been fired by his employers for incompetence. Subject to contract, needless-to-say. Assuming that Sir Fred didn't break either of the two legitimate laws, and that his employers have dealt with him according to their own rules, any action on the part of outraged third parties should be in the form of boycotts and not in calls for state action. Boycotts are an appropriate way for civil society to encourage compliance with generally accepted modes of behaviour.
(2) Keep your agreements.