Summary
FEW recent business careers can have ended more ignominiously than that of Sir Fred Goodwin's at Royal Bank of Scotland - which should perhaps now be renamed Royal Bank of Britain.
As recently as July Goodwin was telling anyone who would listen that despite all the problems RBS had encountered, including a [pounds]12bn rights issue, the deal to buy ABN-Amro was worth doing and would pay for itself. Either Goodwin had become delusional or he was deliberately disingenuous.See the full content of this document
Extract
Goodwin's Disastrous Legacy ; Comment
Just how poor his analysis was is now clear. The banker, who rejected takeovers of smaller banks as 'mercy killings', has been ejected and the company has fallen into the hands of the state which now has...
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