Following his 1977 firing from the
Sex Pistols -- reportedly for expressing an admiration for the Beatles -- bassist Glen Matlock founded the Rich Kids, an experimental pop/rock outfit with guitarist Steve New, drummer
Rusty Egan and vocalist
Midge Ure, formerly of the group
Slik. Distancing themselves from the punk community, the Rich Kids recorded only one LP, 1978's Ghosts of Princes in Towers, before tension between Matlock and Ure resulted in the group's dissolution within a year of their formation. Ure and Egan later reunited in
Visage, and Ure ultimately found success with
Ultravox.