Icelandic Banker Drinks Too Much, Talks Smack, Then Resigns - The Reykjavik Grapevine

Icelandic Banker Drinks Too Much, Talks Smack, Then Resigns

Published May 30, 2018

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One of Arion Bank’s board members has opted to resign from his position in the wake of drinking too much at a party and “going over the line” with his behaviour.

Fréttablaðið reports that Jakob Már Ásmundsson, who had been on the board for Arion Bank since last March, has resigned from his position. In a statement from him to the press, the reason he gives is his own after-hours antics at a bank party last Thursday, while intoxicated.

“I drank too much alcohol and went over the line in my interactions with my co-workers and clients,” he writes. “I said things that are unlike me, and this was complained about. I deeply regret this and want to shoulder my responsibility for my actions by resigning from the board.”

The bank is in the process of being sold, Jakob added, underlining the importance of his resigning.

This resignation is likely one of the most consequential examples of djammviskubit in recent Icelandic history.

While there is no explanation as to what Jakob said or did to warrant resigning, we do know for a fact that he did not go on a rampage with an excavator.

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