to prevent a customer boycott, according to The Guardian. Demise of BHS Green bought BHS for £200m in 2000, but the firm performed poorly so he sold it for just £1 in 2015. By April 2016 BHS had debts of £1.3bn, including a pensions deficit of £571m. Despite the deficit of £571m, Green and his family collected £586m in dividends, rental payments and interest on loans during their 15-year ownership of the retailer. Referring to the conduct of Green, Angela Eagle, the shadow business secretary, said: "In this situation it appears this owner extracted hundreds of millions of pounds from the business and walked away to his favourite tax haven, leaving the Pension Protection Scheme to pick up the bill." Simon Walker, the Director General of the Institute of Directors, described Green's "lamentable failure of behaviour" which was deeply damaging to the reputation of business. He then added that he had moral responsibilities to the pension fund and a proper investigation was needed but not one that took years. It took months for the negotiation to be settled down, it ended with Green agreeing to a voluntary settlement of £363m into the scheme. Appearance before joint Select Committee meeting Ahead of a joint Business and Work and Pensions Select Committee meeting, Green called the inquiry biased, and stated that he "therefore required [its chair, Frank Field] to resign". Field pointed out that the size of the pensions deficit is a fact, not a matter of opinion, and that Parliament and not Green decides who chairs Committees. Knighthood In 2016, the House of Commons approved a motion asking the Honours Forfeiture Committee to recommend Green's knighthood be "cancelled and annulled". One hundred MPs voted in favour of the motion, the first time MPs have proposed someone be stripped of a knighthood. The vote was not binding on the government. Following his paying £363m into the BHS pension scheme in 2017, and a decision in 2018 not to ban him from being a company director, it appeared that he would not be stripped of his knighthood. Sexual harassment and bullying allegations In October 2018, The Daily Telegraph reported that "a leading businessman has been granted an injunction against" the newspaper to stop the "newspaper revealing alleged sexual harassment and racial abuse of staff". The following day, in the House of Lords, Labour peer Peter Hain exercised parliamentary privilege to name Green as