The chief executive of Royal Bank of Scotland, Stephen Hester, was forced out of his job on Wednesday with a payoff at least £1.6m as the bailed-out bank started preparations for privatisation next year. Full story >>
If you clear the decks (informal), you prepare for an activity, event, etc. by removing anything that is not essential to it. • The Andhra Pradesh High Court on Tuesday cleared the decks for the merger of Tech Mahindra and Mahindra Satyam. This expression originated in naval warfare, when it described preparing for battle by removing or fastening down all loose objects on the ship's decks.