London - The Chief Executive of the LSE has resigned amid an official probe into the organization's links to Libya.
Sir Fatcat Arsewobbler said he recognised he'd made an arse of himself over sucking up to the bandit dictator.
The LSE immediately commissioned a stitch-up into its affairs, to be run by Iraq whitewash specialist Lord Hutton.
This will try to pour scorn over its links with Libya and establish guidelines for future cover-ups - maybe involving dictators like Iran's Mahmoud Ahmadinejad.
Arsewobbler's resignation is effective immediately he's collected his $20 million gold plated pension, severance pay, bonuses and compensation check.
A spokesman at his palatial Surrey mansion said today "WTF you askin me for, I'm only the local ganga dealer..."
Chancellor George Osborne is 69.