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Thanks, Sir Fred



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Published Date: 13 October 2008
Over the past weeks, we have been concerned at the level of criticism, at times bordering on the vindictive, levelled at Sir Fred Goodwin, chief executive of The Royal Bank of Scotland Group.
We would like to point out that, irrespective of current issues in the global banking markets or indeed RBS's exposure to the "toxic debt( issue through its American businesses, we truly appreciate Sir Fred's role in retaining the global headquarters of RBS in Edinburgh. This has led to the retention of a significant number of jobs in the Edinburgh city region.

At a time when the global economy is experiencing enormous difficulties we would hope that a more measured view is taken in any further comment and that any actions are based on fact.

(CLLR) JENNY DAWE
Leader of the Council

(CLLR) TOM BUCHANAN
Convenor of the Economic Development Committee
City of Edinburgh Council
High Street, Edinburgh


Presumably, Sir Fred Goodwin received his knighthood for services to banking. Can we now expect him to take the honourable course and return the knighthood in light of his obvious and overwhelming disservices to banking and the British economy?

ALAN TURNER
Bridstow
Ross-on-Wye, Herefordshire




The full article contains 199 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 12 October 2008 8:46 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

zeno,

www.thinkhumanism.com 13/10/2008 00:28:06
Goodwin is resigning this morning, isn't he?
2

The Strategist,

13/10/2008 01:21:24
#1 Yes apparently but don't feel too bad about it. He won't suffer financially and probably never has to work again... Mind you, who would offer him a job if he had to?
3

James F,

East Ayr 13/10/2008 01:30:00
#2. I would. The guy is obviously able since he has gotten to the top of his profession. If you want a job, Sir Fred, come and seee me. We'll sort something out.. don't know what, but we'll sort something out.

We live in strange times. No-one in banking, commerce or business has foreseen the collapse in the market which has occurred in the past week. To kick a man when he is down is complete bullying. You, strategist, are a numpty.
4

James F,

East Ayr . 13/10/2008 01:31:58
Sorry. Meant to say, "wannabe strategist".
5

jj veritas,

13/10/2008 09:19:11
The bankers have been found out. Will the politicians be able to hide for ever?
6

G,

dudny 13/10/2008 10:22:58
He could get a job doing security at minmiumu wage any day...if he has his own boots
7

Amanda Huginkiss,

13/10/2008 12:23:31
7' He's getting a half million pound payout. He'll soon be destitute!
8

Spoot,

Third rock pool on the left 13/10/2008 15:12:28
#7

According the paper on whose messageboard you have made your posting, Goodwin was on a one year contract at a salary of £1.2 million. That means that he is likely to be contractually entitled to that amount in lieu of notice, plus his accumulated pension benefits. It appears that he will not receive any additional sums by way of further termination payments and certainly no bonus. On the other hand, his small mountain of share options will now be of negligible value - how sad.

Where does your figure of £0.5 million come from?

 

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