Embarassing choice quits after two days

Gunnar Örn Kristjansson has resigned as Chairman of the Board at Kaupthing after only two days on the job. 

He says that he would have to spend more time on the job than he originally anticipated. 

What was he expecting? A nice and quiet ride?

Gunnar Orn managed to run his electronics business Ormsson so badly that 1 billion ISK will be left with Icelandic taxpayers. Yet he is suing the Icelandic state for almost 500 million ISK himself in damages from when he was accused of negligence on the job as the accountant of the MD Insurance fund when its CEO drew himself 75 million ISK. His damages claim is far removed from all reality in these sort of cases. 

He was appointed by Steingrimur J. Sigfusson who just like fellow Left Green minister Ogmundur Jonasson is finding out that political appointments are a bit tricky.


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